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<h1>SEBI Circular Allows Credit Rating Agencies to Operate Under IFSCA at GIFT City, Amends CRA Master Circular.</h1> The circular issued by SEBI enables Credit Rating Agencies (CRAs) to conduct rating activities under the International Financial Services Centres Authority (IFSCA) at the Gujarat International Finance Tech-city (GIFT City). It amends the Master Circular for CRAs to include IFSCA as a recognized financial sector regulator. Ratings conducted under IFSCA guidelines will fall under its jurisdiction, with IFSCA handling any arising issues, complaints, and enforcement actions. This circular is effective immediately and aims to protect investor interests and regulate the securities market, as authorized under the SEBI Act and CRA Regulations.