Credit Rating Agency not precluded from carrying out any activity as may be specified by Board or Rating of Financial Instruments: SEBI [Read Notification]

The Securities and Exchange Board of India (SEBI) has notified the credit rating agency not precluded from carrying out any activity as may be specified by Board or rating of financial instruments.

The In exercise of the powers conferred by section 30 read with section 11 of the Securities and Exchange Board of India Act, 1992 has notified the Securities and Exchange Board of India (Credit Rating Agencies) (Amendment) Regulations, 2022 to further amend the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999.

In the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999,  in regulation 9, in clause (f), after the words “credit rating agency from” and before the words “rating of financial instruments”, the words “carrying out any activity as may be specified by the Board or” shall be inserted.

This notification shall be enforced from 24th January, 2022.

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