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        SEBI

        Regulation 38B - Verification of risk-return metrics

        Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018
        Chapter VI
        GENERAL OBLIGATIONS

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        Past Risk and Return Verification Agency Data Centre operation by recognised stock exchanges with Board approval and prescribed terms. Regulation 38B authorises a recognised stock exchange, with Board approval and on terms and conditions specified by the Board, to carry out the activity of a Past Risk and Return Verification Agency Data Centre as referred to in sub regulation (2) of Regulation 12A of the Credit Rating Agencies Regulations, notwithstanding other provisions of the Securities Contracts (Regulation) Regulations.
                      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.

                            Past Risk and Return Verification Agency Data Centre operation by recognised stock exchanges with Board approval and prescribed terms.

                            Regulation 38B authorises a recognised stock exchange, with Board approval and on terms and conditions specified by the Board, to carry out the activity of a Past Risk and Return Verification Agency Data Centre as referred to in sub regulation (2) of Regulation 12A of the Credit Rating Agencies Regulations, notwithstanding other provisions of the Securities Contracts (Regulation) Regulations.


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