The Bank can check if a rating agency is still doing a good job at any time. When the Bank does this check, it must think about the things mentioned in section 61(2). If the Bank decides the agency is not doing a good job after checking, it can stop the agency from being an approved rating agency. The Bank's decision will be based on its review.

If a rating agency gives a credit rating to a deposit taker and then the agency's approval expires or is stopped, the credit rating is still valid. This means the credit rating is still considered to be from an approved rating agency, even if the agency is no longer approved. You can still use the credit rating for the purposes of this law.