Further to the CMA's announcement dated 21/9/1436H corresponding to 8/7/2015G regarding receiving applications to conduct rating activities in Saudi Arabia as of 21/9/1436H corresponding 8/7/2015G, and allowing CRAs who applied for authorisation before 1/9/2015G to conduct rating activity till they are authorized by the CMA, and recive the commencement of business letter, no later than 28/11/1437H corresponding to 31/8/2016G.
CMA would hereby like to announce the extension of the grace period for the CRAs who applied for Authorization to conduct credit rating activites before 1/9/2015G to continue to conduct credit rating activites, until the completion of the licensing review process and consequent authorisation, if any and obtain the commencement of business letter, no later than 2/12/1438H corresponding to 24/8/2017G.