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        SEBI

        Regulation 20 - Compliance with circulars etc., issued by the Board

        Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999
        Chapter III
        GENERAL OBLIGATIONS OF CREDIT RATING AGENCIES

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        Compliance with regulatory circulars requires credit rating agencies to follow Board-issued guidelines and directives at all times. Every credit rating agency is subject to a continuing compliance obligation to follow guidelines, directives, circulars and instructions issued by the Board concerning credit rating, requiring agencies to align their practices with the Board's communications whenever such guidelines or instructions are issued.
                          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.
                          Provisions expressly mentioned in the judgment/order text.

                              Compliance with regulatory circulars requires credit rating agencies to follow Board-issued guidelines and directives at all times.

                              Every credit rating agency is subject to a continuing compliance obligation to follow guidelines, directives, circulars and instructions issued by the Board concerning credit rating, requiring agencies to align their practices with the Board's communications whenever such guidelines or instructions are issued.


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