Liability for default by credit rating agencies: regulatory sanctions may be imposed including intermediary regime actions. A credit rating agency that contravenes the Act, rules or regulations is liable for one or more specified actions, which may include measures under the ... Summary
Securities and Exchange Board of India (Intermediaries) Regulations, 2008
Liability for default by credit rating agencies: regulatory sanctions may be imposed including intermediary regime actions.
A credit rating agency that contravenes the Act, rules or regulations is liable for one or more specified actions, which may include measures under the intermediary regulatory regime; the current provision supersedes an earlier formulation that channeled failures to comply with certificate conditions or other contraventions through the SEBI enquiry-and-penalty procedure.
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