Cal. Code Regs. tit. 10 § 80.5303

Current through Register 2024 Notice Reg. No. 52, December 27, 2024

Section 80.5303 - Eligible Securities Rating Services

The Commissioner finds that each of the securities rating services named in the subdivisions of this Section has been continuously engaged in the business of rating securities for a period of not less than three years, is competent to rate securities, is nationally recognized for rating securities in a competent manner, and publishes its ratings of securities on a nationwide basis. Therefore, the Commissioner declares each of the securities rating services named in the subdivisions of this Section to be eligible securities rating services for purposes of the Money Transmission Act:

(a) Moody's Investors Service, Inc.

(b) Standard & Poor's Ratings Services.

(c) Fitch, Inc.

Cal. Code Regs. Tit. 10, § 80.5303

1. Change without regulatory effect amending section filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).
2. Amendment of section and NOTE filed 8-11-2015; operative 10-1-2015 (Register 2015, No. 33).

Note: Authority cited: Sections 321, 334 and 2088, Financial Code. Reference: Section 2088, Financial Code.

1. Change without regulatory effect amending section filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).
2. Amendment of section and Note filed 8-11-2015; operative 10/1/2015 (Register 2015, No. 33).