RESTRICTION ON RATING OF SECURITIES ISSUED BY PROMOTERS OR BY CERTAIN OTHER PERSONSSecurities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999
RESTRICTION ON RATING OF SECURITIES ISSUED BY PROMOTERS OR BY CERTAIN OTHER PERSONSSecurities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999
ESG rating provider eligibility: registration requires corporate status, dedicated business plan, positive liquid net worth and specialist staffing. Eligibility for an ESG rating provider certificate requires incorporation as a company, ESG rating as main object, submission of a securities-market ... Summary
ESG rating provider eligibility: registration requires corporate status, dedicated business plan, positive liquid net worth and specialist staffing.
Eligibility for an ESG rating provider certificate requires incorporation as a company, ESG rating as main object, submission of a securities-market focused business plan with breakeven and loss projections, a declaration limiting activities to specified ESG rating services, maintenance of positive liquid net worth, necessary infrastructure and qualified personnel, appointment of a compliance officer, fit-and-proper status, no adverse three year regulatory history, and Board-determined additional criteria; Category I and Category II registrations carry distinct higher and lower financial and specialist staffing requirements respectively.
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