Maureen Jensen

The Filer, DBRS Limited, applied to the Ontario Securities Commission for an amended and restated decision to add DBRS Germany as a designated rating organization (DRO) affiliate and remove DBRS México.

The Commission, acting as the principal regulator under the passport system, revoked the previous 2016 designation and granted the amended designation order, designating the Filer as a DRO and DBRS US, DBRS UK, and DBRS Germany as DRO affiliates.

The Filer, a credit rating agency, applied for exemptive relief under the Securities Act and National Instrument 25-101.

The Filer sought confidentiality relief for revenue and financial information required in Form 25-101F1, arguing that public disclosure could compromise analyst independence and reveal competitively sensitive information.

The Filer also sought relief from the requirement that its code of conduct prohibit waivers, proposing instead to follow its own internal waiver procedures and report any waivers confidentially.

The Ontario Securities Commission granted both the confidentiality relief and the code of conduct relief, subject to conditions.

The Filer, Kroll Bond Rating Agency, Inc., applied to the Ontario Securities Commission for designation as a designated rating organization (DRO) under National Instrument 25-101.

The Commission, acting as the principal regulator under the passport system, found that the Filer met all regulatory requirements, including corporate governance, code of conduct, and compliance mechanisms.

The application was granted, designating the Filer as a DRO solely for the purposes of the alternative eligibility criteria for issuers of asset-backed securities to file a short form or shelf prospectus.

The Filer, DBRS Limited, applied to the Ontario Securities Commission for an amended and restated decision to add DBRS México as a designated rating organization (DRO) affiliate under National Instrument 25-101.

The Commission, acting as the principal regulator under the passport system, found that the Filer met the regulatory requirements and granted the designation order, revoking the previous October 2012 Designation.