Select Your Location
On 21st September 2022, the Securities and Exchange Board of India (SEBI), through Notification – SEBI/HO/DDHS/DDHS-RACPOD2/P/CIR/2022/121, notified All Credit Rating Agencies (CRAs) registered under SEBI to ensure Firewall between Credit Rating Agencies and their Affiliates. The SEBI (Credit Rating Agencies) Regulations, 1999, also referred to as the CRA Regulations, state principle-based regulation for CRAs which focuses on the inter alia of preventing any “conflict of interests”. The CRAs have to abide by the Code of Conduct as stated in the Third Schedule in accordance with Regulation 13 of the SEBI (Credit Rating Agencies) Regulations, 1999.
The SEBI has now mandated all Credit Rating Agencies to formulate policies on firewall practices with non-rating entities and to maintain detailed documents regarding the same in their Internal Operational Manuals. The Policies are also required to be ratified by the Board of Directors of the CRAs.
SEBI Notifies Measures for Strengthening Firewall between CRAs and the Non-Rating Units
No need to wait for few hours to get the delivery of physical book. Fill the details and download it now!
Easy to carry unlimited number of books wherever you go!
You may search anything you need to know within a book and for this; you just need to type a keyword to find the word easily.
Stay updated with all the latest legal updates. Just enter your email address and subscribe for free!