{"id":90231,"date":"2026-02-16T18:14:21","date_gmt":"2026-02-16T12:44:21","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?p=90231"},"modified":"2026-02-16T18:14:25","modified_gmt":"2026-02-16T12:44:25","slug":"sebi-cra-framework-for-fsr-regulated-activities-key-compliance-rules-market-impact","status":"publish","type":"post","link":"https:\/\/enterslice.com\/learning\/sebi-cra-framework-for-fsr-regulated-activities-key-compliance-rules-market-impact\/","title":{"rendered":"SEBI\u2019s CRA Framework for FSR Regulated Activities: Key Compliance Rules and Market Impact"},"content":{"rendered":"<p>SEBI,&nbsp;or the Securities and Exchange Board of India,&nbsp;regulates the capital <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Market&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A market is a structured environment, either physical or virtual, where buyers and sellers convene to trade goods and services. This trading hub operates based on the principles of supply and(...)&lt;\/div&gt;\"  href=\"https:\/\/enterslice.com\/learning\/terms\/market\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>market<\/a> in India. This organization oversees the activities of credit rating agencies,&nbsp;enabling&nbsp;investors&nbsp;to get&nbsp;accurate&nbsp;information. The importance of credit ratings has increased in the Indian financial system.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Many credit rating agencies are also rating financial products that are regulated by other Financial Sector Regulators (FSRs). This often creates confusion and raises questions about investor protection.&nbsp;SEBI has introduced a new framework to address these problems. In this blog, we will discuss the new rules, their purpose, and their impact&nbsp;in&nbsp;simple terms.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Understanding Credit Rating Agencies and&nbsp;their Regulatory Importance&nbsp;<\/h2>\n\n\n\n<p>A Credit Rating Agency&nbsp;(CRA)&nbsp;analyzes the risks of various financial products and&nbsp;assigns&nbsp;ratings. This rating helps investors understand the investment&rsquo;s safety.&nbsp;Investors make decisions before buying various bonds, debentures, and financial products by looking at the ratings.&nbsp;&nbsp;<\/p>\n\n\n\n<p>CRAs have&nbsp;a big impact&nbsp;on investor decisions. A company can easily raise money if it has a good rating. Investors are wary of bad ratings.&nbsp;&nbsp;<\/p>\n\n\n\n<p>CRAs&nbsp;with a&nbsp;<a href=\"https:\/\/enterslice.com\/credit-rating-agency-sebi-registration-in-india\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>credit rating agency registration<\/strong><\/a>&nbsp;certificate&nbsp;typically rate bonds, debentures, structured products, and other financial instruments.&nbsp;It is important to keep these agencies transparent. Because when they&nbsp;operate&nbsp;under multiple regulators, there can be differences in rules. This creates confusion.&nbsp;Hence, a separate yet well-organized framework was needed to clearly separate all functions.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Role of Credit Rating Agencies&nbsp;<\/h2>\n\n\n\n<p>Have a quick view on the pointers given for the role of&nbsp;credit rating agencies:&nbsp;&nbsp;<\/p>\n\n\n\n<ul>\n<li><strong>Risk Assessment:<\/strong>&nbsp;Evaluate the credit risk of financial instruments&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li><strong>Investor Support:<\/strong>&nbsp;Help investors make informed decisions&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li><strong>Market Transparency:<\/strong>&nbsp;Provide reliable financial information&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li><strong>Capital Access:&nbsp;<\/strong>Help companies raise funds easily&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"margin:30px 0; padding:30px; background-color:#0b5ed7; border-radius:8px;\">\n  <div style=\"max-width:900px; margin:0 auto; color:#ffffff;\">\n\n    <h3 style=\"color:#ffffff; font-size:22px; font-weight:600; margin-bottom:12px;\">\n      SEBI CRA Framework for FSR Regulated Activities Guide\n    <\/h3>\n\n    <p style=\"color:#ffffff; font-size:16px; margin-bottom:16px;\">\n      Get expert advisory on \n      <strong style=\"color:#ffffff;\">SEBI CRA Framework for FSR Regulated Activities, compliance requirements, governance standards, and regulatory impact<\/strong> \n      to ensure seamless adherence to SEBI norms.\n    <\/p>\n\n    <ul style=\"font-size:15px; margin-bottom:20px; padding-left:20px;\">\n      <li style=\"margin-bottom:8px; color:#ffffff;\">\n        <strong style=\"color:#ffffff;\">Comprehensive compliance support under SEBI CRA regulations<\/strong>\n      <\/li>\n      <li style=\"color:#ffffff;\">\n        <strong style=\"color:#ffffff;\">Strategic regulatory advisory for FSR regulated entities<\/strong>\n      <\/li>\n    <\/ul>\n\n    <a href=\"https:\/\/enterslice.com\/consultation?sid=UGl0MGpxaVdWNTg5dWVQMnN1NkEzdz09\" style=\"\n       display:inline-block;\n       padding:14px 28px;\n       background-color:#ffffff;\n       color:#0b5ed7;\n       text-decoration:none;\n       font-size:16px;\n       font-weight:600;\n       border-radius:6px;\">\n       Get SEBI Regulatory Consultation\n    <\/a>\n  <\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Why did SEBI&nbsp;Launch the CRA Framework for FSR Activities?&nbsp;<\/h2>\n\n\n\n<p>Many financial products are being developed that fall under the&nbsp;jurisdiction&nbsp;of multiple regulators. So, when CRAs rate these products, it is&nbsp;unclear&nbsp;which&nbsp;regulatory&nbsp;rules will apply. This can create legal complications and operational problems.&nbsp;<\/p>\n\n\n\n<p>Moreover, investors often do not understand which ratings are protected by SEBI and which are not. This also creates problems&nbsp;with&nbsp;the resolution of complaints. Clear rules were needed to remove this confusion.&nbsp;<\/p>\n\n\n\n<p>SEBI wants CRAs to be more transparent in their work and follow all the rules properly. Such separate structures are also seen in the international market. So, SEBI has created this new framework to make the control stronger and protect&nbsp;investors.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Main Objective of SEBI CRA Framework&nbsp;&nbsp;<\/h2>\n\n\n\n<p>SEBI has created this new framework&nbsp;to enable&nbsp;credit rating agencies&nbsp;to conduct&nbsp;their work more transparently and responsibly.&nbsp;SEBI wants the activities conducted under different regulators to be kept clearly separate.&nbsp;This helps investors&nbsp;understand&nbsp;the rating.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Besides, the complaint resolution process will also be clearer. The SEBI CRA&nbsp;framework will help increase credibility in the financial market.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key Objectives&nbsp;of SEBI CRA Framework&nbsp;&nbsp;<\/h2>\n\n\n\n<p>Find the key&nbsp;objectives&nbsp;of&nbsp;the&nbsp;SEBI CRA framework given below:&nbsp;<\/p>\n\n\n\n<ul>\n<li>Ensure proper segregation between SEBI and FSR-regulated activities&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Improve transparency in disclosures and communications&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Strengthen investor awareness and protection measures&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Create clear accountability for CRAs&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Improve the grievance redressal process&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Promote coordination between SEBI and other financial regulators&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Key Compliance Requirements under the New&nbsp;SEBI CRA&nbsp;Framework&nbsp;<\/h2>\n\n\n\n<p>SEBI has introduced some important compliance rules for Credit Rating Agencies through the new CRA Framework. These rules help to&nbsp;maintain&nbsp;transparency in the work and reduce investor confusion. CRAs will now&nbsp;be required&nbsp;to&nbsp;operate&nbsp;activities regulated by SEBI and other Financial Sector Regulators (FSRs) separately.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Separate Division of Operational Activities&nbsp;<\/h3>\n\n\n\n<p>CRAs will have to&nbsp;operate&nbsp;SEBI-regulated&nbsp;work and other FSR-regulated work separately,&nbsp;according to the new rules. Separate operational arrangements will have to be created for this.&nbsp;<\/p>\n\n\n\n<p>In addition, strong internal control and monitoring systems will have to be in place.&nbsp;This will reduce the&nbsp;risk&nbsp;of mistakes or violations of rules, and the work will be clearer.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Separate Disclosure and Website Requirements&nbsp;<\/h3>\n\n\n\n<p>CRAs will&nbsp;need&nbsp;separate webpages or sections on their websites for SEBI and FSR activities. This helps users&nbsp;understand&nbsp;which activity is&nbsp;under which regulator.&nbsp;In addition, CRAs will have to publish a list of all their&nbsp;activities,&nbsp;and&nbsp;mention the name of the regulator for each activity. This will increase transparency.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Separate Grievance Redressal Mechanism&nbsp;<\/h3>\n\n\n\n<p>CRAs will have to create separate email IDs and grievance management channels for receiving complaints. This will enable quick resolution of complaints.&nbsp;This will help the institution to be more accountable, and it will be easier to track complaints.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Keeping Advertising and Marketing Separate&nbsp;<\/h3>\n\n\n\n<p>Separate advertising and promotional materials will have to be created for FSR-regulated activities.&nbsp;So, investors will not get&nbsp;wrong information, and confusion will be reduced.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">CRAs&nbsp;Net Worth and Financial Compliance Requirements&nbsp;&nbsp;<\/h2>\n\n\n\n<p>SEBI has set a specific minimum Net Worth standard for CRAs. According to the new rules, when CRAs operate under another FSR,&nbsp;they&nbsp;will not affect the Net Worth.&nbsp;If any other regulator imposes&nbsp;additional&nbsp;Net Worth conditions, then CRAs will have to fulfill them separately.&nbsp;<\/p>\n\n\n\n<p>CRAs&nbsp;must&nbsp;manage their financial risks&nbsp;properly. A strong financial position keeps the institution stable. It also&nbsp;helps increase&nbsp;investor confidence. This rule encourages CRAs to manage their finances more responsibly.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">CRAs&nbsp;Mandatory Disclosure and Reporting Obligations&nbsp;<\/h2>\n\n\n\n<p>According to the new rules, CRAs will have to&nbsp;disclose&nbsp;all their services and the name of the regulator of each service. This will increase transparency in the market, and users will be able to understand the information easily.&nbsp;<\/p>\n\n\n\n<p>When CRAs publish any rating report, press release, or analysis, they will have to mention which regulator regulates that financial product.&nbsp;In addition, it should be clearly&nbsp;stated&nbsp;that SEBI&rsquo;s investor protection measures do not apply there in the case of FSR activities.&nbsp;<\/p>\n\n\n\n<p>When CRAs start new FSR-regulated activities, they will have to inform their clients in writing.&nbsp;<\/p>\n\n\n\n<p>They will also have to obtain written consent from the client&nbsp;so that&nbsp;they understand the risks and limitations. This will reduce misunderstandings in the future.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Audit, Monitoring and Board Oversight Requirements&nbsp;for CRAs&nbsp;<\/h2>\n\n\n\n<p>CRAs will have to&nbsp;submit&nbsp;<a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Internal Audit&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A glossary on internal audit is a valuable resource that compiles and defines essential terms and concepts in the field of internal auditing. It aids professionals and learners in comprehending(...)&lt;\/div&gt;\"  href=\"https:\/\/enterslice.com\/learning\/terms\/internal-audit\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>Internal Audit<\/a> Reports every six months as per the new framework. This report will have to show whether they are&nbsp;complying with&nbsp;all the rules.&nbsp;<\/p>\n\n\n\n<p>CRAs will have to&nbsp;submit&nbsp;a Compliance Undertaking, which confirms that the SEBI rules are followed properly. This report will have to be reviewed and approved by the Board of Directors of the CRA.&nbsp;<\/p>\n\n\n\n<p>This rule will strengthen the internal governance of the institutions. It will be possible to detect errors early and&nbsp;maintain&nbsp;compliance through regular audits.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Impact of&nbsp;SEBI CRA&nbsp;Framework on Credit Rating Agencies and Financial Markets&nbsp;<\/h2>\n\n\n\n<p>SEBI&rsquo;s new CRA Framework will bring significant changes&nbsp;for&nbsp;credit rating agencies and financial markets. CRAs will have to conduct their work in a more organized manner with this rule. They will have to create separate operations, reporting, and compliance systems. This will increase transparency and improve the credibility of the rating activities.&nbsp;<\/p>\n\n\n\n<p>This framework will help increase investor confidence. Investors will easily understand the&nbsp;ratings. It will also increase coordination between various financial regulators. It will strengthen the financial regulatory system in India and make the market more stable&nbsp;in the long run.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Impact of the Framework&nbsp;on CRAs &amp; Financial Markets&nbsp;<\/h2>\n\n\n\n<p>Find the pointers on&nbsp;the&nbsp;impact of&nbsp;the&nbsp;framework on&nbsp;Credit Rating Agencies&nbsp;and financial markets:&nbsp;<\/p>\n\n\n\n<ul>\n<li>CRAs will have to develop new operational and compliance mechanisms&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Transparency and credibility in rating activities will increase&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Investor confidence will be strengthened&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Coordination between various regulators will improve&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>The financial&nbsp;regulatory framework will be strengthened&nbsp;in the long run&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"margin:30px 0; padding:30px; background-color:#0b5ed7; border-radius:8px;\">\n  <div style=\"max-width:900px; margin:0 auto; color:#ffffff;\">\n\n    <h3 style=\"color:#ffffff; font-size:22px; font-weight:600; margin-bottom:12px;\">\n      FSR Regulated Activities Compliance under SEBI CRA Framework\n    <\/h3>\n\n    <p style=\"color:#ffffff; font-size:16px; margin-bottom:16px;\">\n      Ensure complete compliance with \n      <strong style=\"color:#ffffff;\">FSR Regulated Activities under SEBI CRA Framework, governance standards, disclosure norms, and regulatory reporting requirements<\/strong> \n      with expert-led advisory support.\n    <\/p>\n\n    <ul style=\"font-size:15px; margin-bottom:20px; padding-left:20px;\">\n      <li style=\"margin-bottom:8px; color:#ffffff;\">\n        <strong style=\"color:#ffffff;\">Advisory on CRA regulatory filings &amp; disclosure obligations<\/strong>\n      <\/li>\n      <li style=\"color:#ffffff;\">\n        <strong style=\"color:#ffffff;\">Risk management &amp; internal control framework alignment<\/strong>\n      <\/li>\n    <\/ul>\n\n    <a href=\"https:\/\/enterslice.com\/consultation?sid=UGl0MGpxaVdWNTg5dWVQMnN1NkEzdz09\" style=\"\n       display:inline-block;\n       padding:14px 28px;\n       background-color:#ffffff;\n       color:#0b5ed7;\n       text-decoration:none;\n       font-size:16px;\n       font-weight:600;\n       border-radius:6px;\">\n       Talk to SEBI Compliance Expert\n    <\/a>\n\n  <\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Benefits of SEBI CRA Framework for Investors and Market Participants&nbsp;<\/h2>\n\n\n\n<p>The&nbsp;new&nbsp;SEBI CRA&nbsp;framework&nbsp;has potential&nbsp;benefits for investors and market participants. It makes financial information easier to understand and the decision-making process safer.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Key Benefits&nbsp;of SEBI CRA Framework for Investors and Market Participants&nbsp;<\/h3>\n\n\n\n<ul>\n<li>Investors will&nbsp;understand which activities are under which regulator.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Accurate information will make investment decisions easier.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>The risk of misinterpretation of rating reports will be reduced.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Complaints&nbsp;and dispute&nbsp;resolutions&nbsp;will be clearer.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Trust in the financial rating system will increase.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Challenges CRAs May Face While Implementing the Framework&nbsp;&nbsp;<\/h3>\n\n\n\n<p>CRAs may face some challenges while implementing&nbsp;new&nbsp;rules. These changes will require changes to their internal structures and systems. This can be time-consuming and costly.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Major Challenges&nbsp;CRAs expect with framework&nbsp;<\/h2>\n\n\n\n<p>Below are&nbsp;the&nbsp;major challenges that CRAs expect while implementing the framework:&nbsp;&nbsp;<\/p>\n\n\n\n<ul>\n<li>Operational structure needs to be changed, and compliance costs may increase.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Managing multiple disclosure and reporting systems can be difficult.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Training staff on new rules.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Coordination with multiple regulators can be difficult.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Maintaining compliance and governance can be challenging in the long term.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion&nbsp;<\/h2>\n\n\n\n<p>SEBI&rsquo;s new CRA Framework is&nbsp;an important step&nbsp;towards making the activities of credit rating agencies more transparent and accountable. This rule will enhance investor protection and clearly separate the activities conducted under different regulators. This will make the financial&nbsp;market&nbsp;more trustworthy.&nbsp;<\/p>\n\n\n\n<p>CRAs and financial institutions need to&nbsp;comply with&nbsp;this rule. Professional advice may be&nbsp;required&nbsp;to&nbsp;maintain&nbsp;proper compliance. Cross-regulated financial activities are expected to increase in the future.&nbsp;<\/p>\n\n\n\n<p>If your organization needs CRA or financial compliance assistance<strong>,&nbsp;<a href=\"https:\/\/enterslice.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Enterslice<\/a><\/strong>&nbsp;can provide you with complete professional support. Our experienced team will help you easily&nbsp;comply with&nbsp;all the rules.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">FAQs&nbsp;on SEBI&rsquo;s CRA Framework for FSR regulated activities<\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3>What is SEBI's CRA Framework for FSR-regulated activities?&nbsp;<\/h3><p class=\"saswp-faq-answer-text\">SEBI's CRA Framework is a regulatory framework that requires Credit Rating Agencies to&nbsp;operate&nbsp;separately from activities regulated by SEBI and other Financial Sector Regulators (FSRs). This regulation enhances transparency and ensures investor protection. It asks CRAs to have separate operations, reporting, and complaint management to reduce confusion.&nbsp;<\/p><\/li><li style=\"list-style-type: none\"><h3>Why did SEBI introduce&nbsp;SEBI's CRA&nbsp;Framework?<\/h3><p class=\"saswp-faq-answer-text\">SEBI introduced&nbsp;the new CRA&nbsp;framework&nbsp;for FSR regulated activities&nbsp;because many CRAs are now&nbsp;operating&nbsp;under different regulators. This is difficult for investors to&nbsp;understand&nbsp;which rating was under which regulator.&nbsp;There was also a problem in resolving complaints. SEBI wants to increase transparency and ensure investor protection by introducing this regulation.<\/p><\/li><li style=\"list-style-type: none\"><h3>What are Financial Sector Regulators (FSRs)?&nbsp;<\/h3><p class=\"saswp-faq-answer-text\">Financial Sector Regulators&nbsp;(FSRs)&nbsp;are government agencies that regulate&nbsp;different parts&nbsp;of the financial sector. Examples include RBI, IRDAI, and PFRDA. They regulate banking, insurance, and pension-related activities. When CRAs rate financial products in these sectors, they fall under the rules of the respective regulator.&nbsp;<\/p><\/li><li style=\"list-style-type: none\"><h3>Can CRAs carry out activities regulated by other FSRs?&nbsp;<\/h3><p class=\"saswp-faq-answer-text\">Yes, CRAs can carry out activities regulated by other Financial Sector Regulators. However, they will have to&nbsp;comply with&nbsp;the new SEBI rules. CRAs will have to&nbsp;maintain&nbsp;separate operations, reporting, and disclosure arrangements for these activities. In addition, the client will have to be informed that the activity is under another regulator.&nbsp;<\/p><\/li><li style=\"list-style-type: none\"><h3>What kind of segregation rules will CRAs have to follow?&nbsp;<\/h3><p class=\"saswp-faq-answer-text\">CRAs will have to&nbsp;operate&nbsp;SEBI and FSR-regulated activities separately. They will have to have separate webpages, complaint handling, and marketing materials. This helps to understand which&nbsp;activities are under which regulator. This division increases transparency and reduces the risk of spreading misinformation.&nbsp;<\/p><\/li><li style=\"list-style-type: none\"><h3>How does&nbsp;SEBI CRA&nbsp;Framework impact investor protection?<\/h3><p class=\"saswp-faq-answer-text\">The SEBI CRA&nbsp;framework makes it easier for investors to understand the information. Investors can clearly know which ratings are protected by SEBI and which are not. This reduces the risk of making wrong decisions. In addition, the complaint process is also clear, so that investors can get&nbsp;a&nbsp;quick resolution of the problem.<\/p><\/li><li style=\"list-style-type: none\"><h3>What kind of Disclosure is required by CRAs under the new Framework?<\/h3><p class=\"saswp-faq-answer-text\">CRAs will have to publish a list of all their activities and mention the name of the regulator for each activity. The name of the relevant regulator will have to be mentioned in the rating report and press release. In addition, it will be clearly&nbsp;stated&nbsp;that SEBI's investor protection measures do not apply to FSR activities.&nbsp;<\/p><\/li><li style=\"list-style-type: none\"><h3>Is there an&nbsp;additional&nbsp;Net Worth Requirement for CRAs?<\/h3><p class=\"saswp-faq-answer-text\">SEBI has set a specific minimum net worth for CRAs. FSR activities cannot affect this net worth as per the new rules. However, if any other regulator imposes&nbsp;additional&nbsp;net worth conditions, then CRAs will have to meet them separately. This&nbsp;helps&nbsp;maintain&nbsp;financial stability.&nbsp;<\/p><\/li><li style=\"list-style-type: none\"><h3>What are the audit and reporting requirements in the new framework?&nbsp;<\/h3><p class=\"saswp-faq-answer-text\">CRAs will&nbsp;be required&nbsp;to&nbsp;submit&nbsp;an Internal Audit Report every six months. This report will outline their compliance status. They will also&nbsp;be required&nbsp;to&nbsp;submit&nbsp;a Compliance Undertaking, which will be approved by the CRA&rsquo;s Board of Directors. This will help in enhancing the internal controls and accountability of the institution.<\/p><\/li><li style=\"list-style-type: none\"><h3>How can CRAs ensure compliance under the SEBI Framework?&nbsp;<\/h3><p class=\"saswp-faq-answer-text\">CRAs will&nbsp;be required&nbsp;to develop robust internal control systems and provide regular training to their staff. Separate operational and reporting systems will be developed. Regular audits and&nbsp;monitoring will also be&nbsp;required. Professional compliance advice can help CRAs&nbsp;comply with&nbsp;the new rules.&nbsp;<\/p><\/li><\/ol><\/div>\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEBI,&nbsp;or the Securities and Exchange Board of India,&nbsp;regulates the capital <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Market&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A market is a structured environment, either physical or virtual, where buyers and sellers convene to trade goods and services. This trading hub operates based on the principles of supply and(...)&lt;\/div&gt;\" href=\"https:\/\/enterslice.com\/learning\/terms\/market\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>market<\/a> in India. This organization oversees the activities of credit rating agencies,&nbsp;enabling&nbsp;investors&nbsp;to get&nbsp;accurate&nbsp;information. The importance of credit ratings has increased in the Indian financial system.&nbsp;&nbsp; Many credit rating agencies are also rating financial products that are regulated by other Financial Sector Regulators (FSRs). This often [&hellip;]<\/p>\n","protected":false},"author":103,"featured_media":90232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2828,1599],"tags":[377,12645,2181],"acf":{"service_id":"996"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEBI CRA Framework for FSR Regulated Activities Guide<\/title>\n<meta name=\"description\" content=\"Explore SEBI CRA Framework for FSR Regulated Activities, key compliance rules, regulatory impact, and market implications for stakeholders.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterslice.com\/learning\/sebi-cra-framework-for-fsr-regulated-activities-key-compliance-rules-market-impact\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEBI CRA Framework for FSR Regulated Activities Guide\" \/>\n<meta property=\"og:description\" content=\"Explore SEBI CRA Framework for FSR Regulated Activities, key compliance rules, regulatory impact, and market implications for stakeholders.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterslice.com\/learning\/sebi-cra-framework-for-fsr-regulated-activities-key-compliance-rules-market-impact\/\" \/>\n<meta property=\"og:site_name\" content=\"Enterslice\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/enterslice\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-16T12:44:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-16T12:44:25+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2026\/02\/Enterslice-Blog-Image-2.webp\" \/>\n<meta name=\"twitter:creator\" content=\"@enterslice\" \/>\n<meta name=\"twitter:site\" content=\"@enterslice\" \/>\n<!-- \/ Yoast SEO plugin. -->","authorName":"Vaibhav Rathi","authorImageUrl":"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2024\/03\/vaibhav.rathi_.png","authorDescription":"With a successful journey of 20+ years in the legal and fintech segment, Vaibhav Rathi has proved his mettle as a seasoned advocate. Currently, he is serving as Managing Partner cum COO at Enterslice. His writeups on Tax, PMLA, the Black Money Act, and IT Laws reflect his subject matter grip.","postViews":79,"readingTime":7,"nextPost":{"id":90235,"slug":"rbi-eases-dlg-rules-nbfcs-digital-lending"},"prevPost":{"id":90219,"slug":"evolution-of-indian-insurance-industry-growth-trends-outlook"},"featuredMediaUrl":"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2026\/02\/Enterslice-Blog-Image-2.webp","postTerms":"SEBI","_links":{"self":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/90231"}],"collection":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/comments?post=90231"}],"version-history":[{"count":2,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/90231\/revisions"}],"predecessor-version":[{"id":90234,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/90231\/revisions\/90234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media\/90232"}],"wp:attachment":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media?parent=90231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/categories?post=90231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/tags?post=90231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}