IFSCA has issued a Master Circular for Credit Rating Agencies. IFSCA has operationalised Single Window IT System (SWIT System), which can be accessed at https://swit.ifsca.gov.in/, for intermediaries, inter-alia for CRAs, to submit all the registration applications online. IFSCA’s SWIT System includes online application for registration, processing of application, grant of final registration, etc., link for SWIT system is also available on IFSCA website – www.ifsca.gov.in.
An entity desirous of seeking registration as Credit Rating Agency with the Authority shall file an application through the SWIT System. The CRA registered with the Authority shall pay fees in accordance with the circulars issued by the Authority on “Fee structure for the entities undertaking or intending to undertake permissible activities in IFSC” dated May 17, 2023, February 06, 2024 and March 01, 2024 and as may be amended from time to time.
