IFSCA jurisdiction for CRA rating activities established, assigning complaints, enforcement and information duties to IFSCA. Enables SEBI-registered Credit Rating Agencies to rate financial instruments in the IFSC-GIFT City under the regulatory framework of IFSCA; ratings under IFSCA guidelines are subject to IFSCA jurisdiction. IFSCA will address issues arising from CRA activities in the IFSC using powers under its Act, and will handle complaints, enforcement actions and provision of information to third parties and judicial or statutory bodies. The circular is effective immediately and issued under SEBI's enabling powers to protect investor interests and regulate the securities market.
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.
IFSCA jurisdiction for CRA rating activities established, assigning complaints, enforcement and information duties to IFSCA.
Enables SEBI-registered Credit Rating Agencies to rate financial instruments in the IFSC-GIFT City under the regulatory framework of IFSCA; ratings under IFSCA guidelines are subject to IFSCA jurisdiction. IFSCA will address issues arising from CRA activities in the IFSC using powers under its Act, and will handle complaints, enforcement actions and provision of information to third parties and judicial or statutory bodies. The circular is effective immediately and issued under SEBI's enabling powers to protect investor interests and regulate the securities market.
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