DRO affiliate definition
Examples of DRO affiliate in a sentence
The committee will report to its board of directors or the board of directors of a DRO affiliate that is a parent of the designated rating organization.
A designated rating organization or its DRO affiliate may also restrict its rating to securities of an issuer that are denominated in local currency.
DRO AffiliatesProvide the name, address and governing jurisdiction of each affiliate that is (or, in the case of an applicant, proposes to be) a DRO affiliate.
These additional factors may be described by a designated rating organization or its DRO affiliate by way of a superscript or other notation to a rating.
These additional factors may be described by a designated ratingorganization or its DRO affiliate by way of a superscript or other notation to a rating.
A designated rating organization must not issue a credit rating unless it, or a DRO affiliate that is a parent of the designated rating organization, has a board of directors.
This has primarily been achieved through the adoption of the definition of DRO affiliate.
We may also consider the ability of the competent regulatory authority of the foreign jurisdiction to assess and monitor the compliance of the CRO established in the foreign jurisdiction.Future consequential amendments (see below) will provide that a designated rating is a rating that is provided by either a designated rating organization or its DRO affiliate.
In Ontario, a DRO affiliate is deemed to be a market participant.
In order to qualify for the Short-Term Debt Prospectus Exemption, CP and ABCP: • must be short-term, i.e. have a maturity of one year or less from the date of issue;• must not be convertible or exchangeable into, or accompanied by a right to purchase another security other than a security of the same type; and• must have a designated rating from a designated rating organization (DRO) or its DRO affiliate.