Regulatory Alerts2023-07-03
Master Circular for Credit Rating Agencies
The Securities and Exchange Board of India issued this Master Circular to consolidate existing regulations and circulars governing Credit Rating Agencies into a single document. It establishes comprehensive requirements for CRA registration, rating operations, reporting, and internal audits while standardizing rating symbols and definitions. The document also outlines procedures for the suspension, cancellation, or surrender of CRA certificates of registration to ensure orderly migration of credit ratings.
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