Securities and Exchange Board of India (Credit Rating Agencies) (Amendment) Regulations, 2022.

LegalitySimplified

The Securities and Exchange Board of India vide its notification dated 24th January 2022 has published 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.

The Amendment is brought under regulation 9 which deals with conditions of certificate in which sub-clause F has been substituted as follows:

A credit rating agency carrying out any activity as may be specified by the Board and rating of securities that  are  listed or  proposed to be  listed  on  a  stock  exchange recognized by the Board

Nothing contained in these regulations shall preclude a credit rating agency from  rating  of  financial  instruments  under  the  respective  guidelines  of  a financial sector regulator or any authority as may be specified by the Board:

Provided that  all other  activities  shall  be segregated to a separate entity within  a  period  of two  years  from  the  date  of  notification  of  Securities  and Exchange Board of India (Credit Rating Agencies) (Amendment) Regulations, 2018.

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