SEBI vide circular dated May 16, 2024 has issued Master Circular for Credit Rating Agencies (CRAs). All registered CRAs are required to obtain prior approval of SEBI in case of change in control. All applications for registration/ surrender/other requests will be made through SEBI Intermediary Portal only. The applicants will be separately required to submit relevant documents viz. declarations/ undertakings required as a part of application forms prescribed in relevant regulations, in physical form, only for records without impacting the online processing of applications for registration.
In case a CRA holds multiple registrations with SEBI, it shall make only one application to SEBI addressed to “Chief General Manager, DDHS, SEBI”. The prior approval granted by SEBI shall be valid for a period of 180 days from the date of communication.
