Explanatory document on non-registered ratings
In connection with the amendment of the Financial Instruments & Exchange Law which became effective as of the 1st October 2010, Financial Instruments Business Operators are now required to explain the status of non-registered Rating Agencies in Japan and the significance of registration, etc. to clients whenever it provides credit ratings assigned by these non-registered credit rating agencies on Financial Products.
Please make sure to read this ”Explanatory document on non-registered ratings”. This document covers each rating agency, with regard to ratings assigned by non-registered credit rating agencies used in solicitation materials of RBS.
It explains 1) the significance of registration, 2) the name etc. of the rating agency group 3) how to gather summary information on the policy and method used to assign credit ratings, and 4) the assumption, the significance and the limitation of credit rating.
Also please make sure to confirm the contents of 3) summary information on the policy and method used to assign credit ratings, by clicking the company website URL provided on the explanatory document for each credit rating agency.
