Conflict of interest rules for credit rating agencies require prior approval, disclosures, and ownership restrictions to prevent misuse. CRAs must adopt policies and procedures to manage conflicts of interest in investments and trading by CRAs, Access Persons and employees, prohibit misuse of price-sensitive information, require prior approval for Access Person transactions in securities of rated or graded entities, mandate initial and ongoing disclosures of holdings and transactions, require Rating Committee members to declare interests, prohibit ownership of issuer securities by employees involved in rating, and publish the adopted policies on the CRA website under SEBI's regulatory authority.
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.
Conflict of interest rules for credit rating agencies require prior approval, disclosures, and ownership restrictions to prevent misuse.
CRAs must adopt policies and procedures to manage conflicts of interest in investments and trading by CRAs, Access Persons and employees, prohibit misuse of price-sensitive information, require prior approval for Access Person transactions in securities of rated or graded entities, mandate initial and ongoing disclosures of holdings and transactions, require Rating Committee members to declare interests, prohibit ownership of issuer securities by employees involved in rating, and publish the adopted policies on the CRA website under SEBI's regulatory authority.
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