Past Risk and Return Verification activity: credit rating agencies may perform it with Board approval and specified data centre engagement. The amendment adds Chapter IIA allowing a credit rating agency, with the Board's approval and on terms specified by the Board, to act as a Past Risk and Return Verification Agency pursuant to Regulation 16E of the Intermediaries Regulations, 2008, and requires such agency to engage a recognised stock exchange as the Past Risk and Return Verification Agency Data Centre on Board-specified terms.
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Provisions expressly mentioned in the judgment/order text.
Past Risk and Return Verification activity: credit rating agencies may perform it with Board approval and specified data centre engagement.
The amendment adds Chapter IIA allowing a credit rating agency, with the Board's approval and on terms specified by the Board, to act as a Past Risk and Return Verification Agency pursuant to Regulation 16E of the Intermediaries Regulations, 2008, and requires such agency to engage a recognised stock exchange as the Past Risk and Return Verification Agency Data Centre on Board-specified terms.
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