California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 80 - Money Transmission
Article 6 - Licensees
Subarticle 4 - Eligible Securities
Section 80.5303 - Eligible Securities Rating Services
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
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.
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.
