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Recital 6

Recital 6

(6)According to the third condition, the regulatory regime in the third country must prevent interference by the supervisory authorities and other public authorities of that third country with the content of credit ratings and methodologies. Any such interference with credit ratings and rating methodologies would be contrary to the objectives of Chapter 7 of the Australian Corporations Act of 2001 and ASIC’s objectives. Neither ASIC nor any other public authority is empowered to interfere with the content of credit ratings or credit rating methodologies.

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