Standardized industry classification requirement extended; CRAs must adopt exchange-published classifications and report implementation in audits. CRAs must implement the standardized industry classification for rating, benchmarking and research; the implementation deadline has been extended and Annexure A of the earlier circular is deleted. CRAs are directed to follow the classification as reviewed and published by Stock Exchanges from time to time. Monitoring of implementation will be effected through the half-yearly internal audit process mandated for CRAs under the regulatory framework.