Regulations Governing the Administration of Credit Rating Agencies Article 22
Members of the credit rating committee, managerial officers, or associated persons of a credit rating agency may not participate in the credit rating procedure under any of the following circumstances:1.The member is currently employed by, engages in regular work on behalf of, or receives regular salaries from the rated entity or the issuer, originator, arranger, or underwriter of the rated instrument.2.The entity at which the member or the member's spouse is currently employed, and the rated entity or the issuer, originator, arranger, or underwriter of the rated instrument, are mutually related parties.3.The member was previously employed by the rated entity or by the issuer, originator, arranger, or underwriter of the rated instrument, and less than two full years has elapsed since the employment ended.4.The member is a spouse or a relative within the second degree of kinship of a responsible person or managerial officer of the rated entity, or of the issuer, originator, arranger, or underwriter of the rated instrument.5.The member or member's spouse has an investment or benefits-sharing relationship with the rated entity or with the issuer, originator, arranger, or underwriter of the rated instrument.6.Securities or other financial instruments that are held or traded by the member, the member's spouse, minor child, or under another person's name, 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 processor result.7.The member is the certified public accountant for the rated entity or the issuer of the rated instrument.8.Other circumstance that may cause a conflict of interest on the credit rating process or results.
中文原文 信用評等事業管理規則第22條
信用評等事業之評等委員會成員、經理人或業務人員，有下列情事之一者，不得參與評等程序：
一、本人現為受評等機構或受評等標的之發行機構、創始機構、安排機構或證券承銷商之聘僱，擔任經常性工作，支領固定薪給。
二、本人或配偶任職之機構與受評等機構或受評等標的之發行機構、創始機構、安排機構或證券承銷商，互為關係人。
三、本人曾任受評等機構或受評等標的之發行機構、創始機構、安排機構或證券承銷商之職員，而解職未滿二年。
四、本人與受評等機構或受評等標的之發行機構、創始機構、安排機構或證券承銷商負責人或經理人有配偶或二親等以內親屬關係。
五、本人或配偶與受評等機構或受評等標的之發行機構、創始機構、安排機構或證券承銷商有投資或分享利益之關係。
六、本人、配偶、未成年子女或利用他人名義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者。
（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。
七、本人為受評等機構或受評等標的發行機構之簽證會計師。
八、其他對評等過程或結果產生利益衝突之情形。
一、本人現為受評等機構或受評等標的之發行機構、創始機構、安排機構或證券承銷商之聘僱，擔任經常性工作，支領固定薪給。
二、本人或配偶任職之機構與受評等機構或受評等標的之發行機構、創始機構、安排機構或證券承銷商，互為關係人。
三、本人曾任受評等機構或受評等標的之發行機構、創始機構、安排機構或證券承銷商之職員，而解職未滿二年。
四、本人與受評等機構或受評等標的之發行機構、創始機構、安排機構或證券承銷商負責人或經理人有配偶或二親等以內親屬關係。
五、本人或配偶與受評等機構或受評等標的之發行機構、創始機構、安排機構或證券承銷商有投資或分享利益之關係。
六、本人、配偶、未成年子女或利用他人名義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者。
（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。
七、本人為受評等機構或受評等標的發行機構之簽證會計師。
八、其他對評等過程或結果產生利益衝突之情形。