Regulations Governing the Administration of Credit Rating Agencies Article 21
A credit rating agency may not engage in any of the following activities:1.Acting as a guarantor of any kind, endorsing negotiable instruments, or providing property to others for the creation of a security interest.2.Engaging in credit rating services with affiliated entities, or any entities with which the credit rating agency has an investment relationship or with which it shares benefits.3.Engaging in credit rating services with entities or financial instruments for which the credit rating agency has previously provided consulting services, provided that this restriction shall not apply when more than 3 years have passed since the end of the consultation period.4.Issuing any credit rating report or information which lacks an analytical basis or reasonable grounds, and which would be likely to affect market order or harm the public interest.5.Holding or trading securities or other financial instruments that fall in any of the following circumstances:A.Securities or other financial instruments that are rated, or that are issued by a rated entity.B.Securities or other financial instruments that are primarily linked to those mentioned in the preceding item.C.Securities or other financial instruments issued by an affiliated entity of a rated entity, or the issuer, originator, arranger, or underwriter of a rated instrument, provided that this restriction does not apply if there is no conflict of interest on the credit rating process or result.6.Making any guarantee or commitment regarding the credit rating results.7.Using the business permission granted by the FSC as an advertisement or guarantee of the strength of its operations or the quality of the credit ratings that it issues.8.Any other acts in violation of securities laws or regulations or provisions of the FSC regarding mandatory or prohibited acts.
中文原文 信用評等事業管理規則第21條
信用評等事業不得有下列情事：
一、為任何保證人、票據之背書或提供財產供他人設定擔保。
二、為信用評等事業之關係企業或與其有投資或分享利益關係之企業從事信用評等服務。
三、為信用評等事業已提供諮詢服務之企業或金融商品從事信用評等服務。
惟諮詢服務期間結束已逾三年者，不在此限。
四、發布無分析基礎或無合理根據之信用評等報告或資訊，足以影響市場秩序或有損害公益之虞。
五、持有或交易之有價證券或其他金融商品有下列情形者：
（一）為受評等標的或為受評等機構發行之有價證券或其他金融商品。
（二）以前目為主要連結標的之有價證券或其他金融商品。
（三）為受評等機構之關係企業、受評等標的之發行機構、創始機構、安排機構或證券承銷商發行之有價證券或其他金融商品。
但未對評等過程或結果產生利益衝突者，不在此限。
六、對信用評等結果進行保證或承諾。
七、以本會之營業許可，作為其營業能力及所發布信用評等品質之宣傳或保證。
八、其他違反證券管理法令或經本會規定應為或不得為之行為。
一、為任何保證人、票據之背書或提供財產供他人設定擔保。
二、為信用評等事業之關係企業或與其有投資或分享利益關係之企業從事信用評等服務。
三、為信用評等事業已提供諮詢服務之企業或金融商品從事信用評等服務。
惟諮詢服務期間結束已逾三年者，不在此限。
四、發布無分析基礎或無合理根據之信用評等報告或資訊，足以影響市場秩序或有損害公益之虞。
五、持有或交易之有價證券或其他金融商品有下列情形者：
（一）為受評等標的或為受評等機構發行之有價證券或其他金融商品。
（二）以前目為主要連結標的之有價證券或其他金融商品。
（三）為受評等機構之關係企業、受評等標的之發行機構、創始機構、安排機構或證券承銷商發行之有價證券或其他金融商品。
但未對評等過程或結果產生利益衝突者，不在此限。
六、對信用評等結果進行保證或承諾。
七、以本會之營業許可，作為其營業能力及所發布信用評等品質之宣傳或保證。
八、其他違反證券管理法令或經本會規定應為或不得為之行為。