Credit Rating Agency compliance: SEBI consolidates standards for registration, rating process, disclosures, audits and conflict management. SEBI's master circular compiles operative requirements for Credit Rating Agencies, mandating online registration and digital payments, prior approval for change in control and prescribed surrender procedures; standardized rating symbols and an Operations Manual detailing rating criteria, default recognition, committee governance and conflict of interest policies; mandatory rating agreements, monthly No Default Statements, standardized press releases and timelines for review and dissemination; extensive periodic and continuous disclosure obligations including default studies and income reporting; half yearly independent internal audits with rotation and expanded scope; investor grievance registration on SEBI's SCORES platform; and strict principles governing outsourcing and confidentiality.
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Provisions expressly mentioned in the judgment/order text.
Credit Rating Agency compliance: SEBI consolidates standards for registration, rating process, disclosures, audits and conflict management.
SEBI's master circular compiles operative requirements for Credit Rating Agencies, mandating online registration and digital payments, prior approval for change in control and prescribed surrender procedures; standardized rating symbols and an Operations Manual detailing rating criteria, default recognition, committee governance and conflict of interest policies; mandatory rating agreements, monthly No Default Statements, standardized press releases and timelines for review and dissemination; extensive periodic and continuous disclosure obligations including default studies and income reporting; half yearly independent internal audits with rotation and expanded scope; investor grievance registration on SEBI's SCORES platform; and strict principles governing outsourcing and confidentiality.
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