Plain language law

New Zealand law explained for everyone

Deposit Takers Act 2023

Regulation of deposit takers - Credit rating

62: List of approved rating agencies

You could also call this:

"The Bank's list of trusted companies that check how safe investments are"

Illustration for Deposit Takers Act 2023

The Bank has to put a list of approved rating agencies on their website. You can find this list on the Bank's Internet site most of the time. The Bank must make sure the list is up to date.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS497952.

Topics:
Money and consumer rights > Banking and loansBusiness > Industry rules
Previous

61: Bank may approve rating agencies, or

"The Bank can choose who gets to be a rating agency, after checking they are fair and trustworthy."

Next

63: Bank may review approval, or

"The Bank can check and cancel approval of a rating agency at any time if it's not doing a good job."

Part 3Regulation of deposit takers
Credit rating

62List of approved rating agencies

  1. The Bank must publish and keep up to date a list of approved rating agencies on the Bank's Internet site at all reasonable times.