RESTRICTION ON RATING OF SECURITIES ISSUED BY PROMOTERS OR BY CERTAIN OTHER PERSONS - Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999
RESTRICTION ON RATING OF SECURITIES ISSUED BY PROMOTERS OR BY CERTAIN OTHER PERSONS - Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999
Rating process: Credit rating agencies must follow prescribed procedures and disclose ratings after periodic review. Regulation 24 mandates that credit rating agencies establish and file a specified rating process with the Board, maintain professional rating committees ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Rating process: Credit rating agencies must follow prescribed procedures and disclose ratings after periodic review.
Regulation 24 mandates that credit rating agencies establish and file a specified rating process with the Board, maintain professional rating committees and qualified analysts to take all rating decisions, exercise due diligence, avoid rating their own securities, notify the Board about new instruments or changes to rating definitions, and disclose assigned ratings and periodic review outcomes to the stock exchange and the public via press releases and websites.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.