Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 Chapter IV RESTRICTION ON RATING OF SECURITIES ISSUED BY PROMOTERS OR BY CERTAIN OTHER PERSONS
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Restriction on rating of promoter-issued securities bars agencies from rating those securities and bars promoter-affiliated persons on rating committees. No credit rating agency shall rate a security issued by its promoter. If the promoter is a lending institution, its chairman, director or employee shall ... Summary
Restriction on rating of promoter-issued securities bars agencies from rating those securities and bars promoter-affiliated persons on rating committees.
No credit rating agency shall rate a security issued by its promoter. If the promoter is a lending institution, its chairman, director or employee shall not serve as chairman, director or employee of the credit rating agency or its rating committee; this bar takes effect after the specified transitional period.
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