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        SEBI

        Regulation 9(f) is amended to replace wording permitting credit...

        Credit rating agencies allowed Board-specified activities and to rate instruments under other regulators, subject to those regulators' guidelines

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                          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.
                                Regulation 9(f) is amended to replace wording permitting credit rating agencies to carry out specified other activities and to rate financial instruments under guidelines of a financial sector regulator or authority with wording allowing CRAs to carry out any other activity as may be specified by the Board and to rate instruments falling within the purview of any other financial sector regulator or authority, operative effect: CRAs may perform additional Board-specified activities and rate instruments under the regulatory purview of other regulators. The Explanation is substituted to require such ratings to conform to the respective regulator's rating guidelines and be under that regulator's purview, operative effect: ratings by CRAs must follow and remain subject to the applicable regulator's guidelines and oversight. The existing proviso is omitted, operative effect: the prior proviso no longer applies.
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