Regulatory Alerts2023-07-12
Master Circular for ESG Rating Providers
The Securities and Exchange Board of India issued this Master Circular to consolidate regulatory requirements for ESG Rating Providers under the amended Credit Rating Agencies Regulations. It mandates compliance with specific guidelines covering registration mechanisms, rating operations, governance norms, and detailed reporting and disclosure obligations. The circular further outlines procedures for monitoring, internal audits, and the suspension, cancellation, or surrender of registration certificates to ensure market integrity and investor protection.
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