Regulations Governing the Administration of Credit Rating Agencies Article 17

A managerial officer of a credit rating agency shall, apart from not having any of the conditions referred to in paragraph 1 of Article 6, possess at least one of the following qualifications:1.A master's degree or above, and having been employed by a securities, financial, futures or relevant institutions or employed as a managerial officer by a private or government-run entity for one year or more, or having been employed as a lecturer or above position by a domestic or foreign college or higher institution or having work experience in rating related business for a year or more with good performance record.2.Being a college graduate or above, and having been employed by a securities, financial, futures or relevant institutions or employed as a managerial officer by a private or government-run entity for three (3) years or more, or having three-year or more working experience in rating related business with good performance record.3.Having been employed by a securities, financial, futures or relevant institution or employed as a managerial officer by a private or government-run entity for five (5) years or more.4.Possessing the professional knowledge or credit rating experience proven by other substantial facts, and being able to operate credit rating business well and efficiently.The term "managerial officer" in the preceding paragraph shall mean president, vice president, assistant vice presidents and managers and assistant managers of the business units.