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I. Code of Conduct and Regulation

C 52/2017 STA Effective from 1/4/2021

17.The ECAI must adopt and adhere to a code of conduct that is consistent with the IOSCO CRA Code. The ECAI must be subject to effective supervision on an ongoing basis by a competent regulatory authority that has adopted a regulatory regime consistent with the IOSCO CRA Code, and that incorporates a registration system for ECAIs.