Credit Rating Agency must ensure that its Employees who have a relevant material interest in a Rating Subject or its Related Party are not involved in the preparation or review of the relevant Credit Rating or able to influence that process.
(2) For the purposes of COB Rule 8.6.3(1), an
Employee of a Credit Rating Agency has a material interest in a Rating Subject if the Employee:
(a) owns a security or a derivative relating to a
Rating Subject or its Related Party, other than holdings in diversified collective investment funds;
(b) has had a recent employment or other significant business relationship with a
Rating Subject or its Related Party which may cause, or may be perceived as causing, conflicts of interest; or
(c) has a
Close Relative who is currently employed by a Rating Subject or its Related Party.
[Added] DFSA RM97/2012 (Made 24th July 2012) [VER20/07-12]