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        Comprehensive guidelines regulating operations and procedures for registered Credit Rating Agencies (CRAs). Consolidates previous circulars, superseding them while preserving actions taken under rescinded circulars. Outlines CRA registration, obligations, inspections, investigations, and code of conduct per Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999. Issued under SEBI Act to protect investors and regulate securities market. Effective from issuance date.

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