SEBI extends the timeline for implementation of Standardization of Ratings Scales Used by credit rating agencies.

SEBI in its earlier circular, advised the credit rating agencies to either align their rating scales with the rating scales prescribed under the guidelines of respective financial sector regulator or authority in terms of Regulation 9(f) of SEBI (Credit Rating Agencies) Regulations, 1999, or in absence of the same, follow rating scales prescribed by the Board vide circular dated June 15, 2011, June 13, 2019, or any other circular issued by the Board from time to time, by 31st March 2022.

Central Motor Vehicles (Seventh Amendment) Rules, 2022

Every manufacturer or importer of M1 motor vehicles shall on and from the 1st day of April, 2017, comply with the Average Fuel consumption Standard, notified under the Energy Conservation Act, 2001 amended from time to time.