A credit rating agency must establish an operational control system for the fair and appropriate performance of its credit rating services, pursuant to the provisions of Cabinet Office Order.
The operational control system referred to in the preceding paragraph must include measures for assigning persons with expert knowledge and skills and for otherwise managing the quality of business, measures for preventing the investors' interests from being harmed with the aim of benefiting the credit rating agency itself or a rating entity, etc. (meaning a person specified by Cabinet Office Order as having an interest in the thing on which a credit rating is based; the same applies in Article 66-35) and other measures for ensuring the proper execution of business.
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(Establishment of the Operational Control System)
A credit rating agency must establish an operational control system for the fair and appropriate performance of its credit rating services, pursuant to the provisions of Cabinet Office Order.
信用格付業者は、信用格付業を公正かつ的確に遂行するため、内閣府令で定めるところにより、業務管理体制を整備しなければならない。
Open this provision(Prohibited Actions)
A credit rating agency or its officer or employee is prohibited from engaging in the following acts with regard to its credit rating services:
信用格付業者又はその役員若しくは使用人は、その行う信用格付業に関して、次に掲げる行為をしてはならない。
Open this provisioncredit rating
「信用格付」
A grade, shown by symbols or numbers (or similar means a Cabinet Office Order (内閣府令) specifies), expressing the result of an assessment of the creditworthiness of a financial instrument or a corporation (or a similar entity that Order specifies), other than grades that Order specifies as set mainly by reference to other matters.
Defined inArticle 2, paragraph (34)· applies throughout the law
credit rating services
「信用格付業」
Carrying on, as a business, the assignment of credit ratings (信用格付) and providing them or making them available for inspection, other than acts a Cabinet Office Order (内閣府令) specifies as posing little risk to investor protection given whom they are made to or how.
Defined inArticle 2, paragraph (35)· applies throughout the law
credit rating agency
「信用格付業者」
A person registered with the Prime Minister under Article 66-27 to carry on credit rating services (信用格付業).
Defined inArticle 2, paragraph (36)· applies throughout the law
rating entitymachine translation
「格付関係者」
In Article 66-33, paragraph (2) and Article 66-35, a person a Cabinet Office Order (内閣府令) specifies as having an interest in the matter a credit rating is about.
Defined inArticle 66-33, paragraph (2)· applies only in this provision and in Article 66-35