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of SEBI enables Credit Rating Agencies (CRAs) to undertake rating activities under International Financial Services Centres Authority (IFSCA) guidelines. Issues arising from CRAs' IFSC activities will be dealt with by IFSCA under its powers. IFSCA will handle complaints, enforcement actions, and information sharing regarding CRAs' IFSC services. The circular is immediately effective, exercising SEBI's powers under relevant laws and regulations.
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