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<h1>SEBI Updates 2015 IFSC Guidelines: New Credit Rating Rules and Financial Statement Standards for Better Investor Protection.</h1> The Securities and Exchange Board of India (SEBI) has amended the 2015 guidelines for International Financial Services Centres (IFSC). The amendments include changes to the credit rating requirements, allowing ratings from agencies registered in Financial Action Task Force (FATF) member jurisdictions. Issuers of debt securities must now enter agreements with depositories or custodians in FATF jurisdictions for safekeeping and corporate actions. Additionally, entities must prepare financial statements in accordance with IFRS/US GAAP or provide a summary of differences if using national standards. These amendments aim to protect investors and regulate the securities market effectively.