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of <h1>Credit rating agencies allowed to rate instruments under other regulators, subject to those regulators' rating guidelines and supervision</h1> Amendment to regulation 9(f) clarifies that a credit rating agency may undertake other activities as specified by SEBI and may rate financial instruments that fall under the purview of any other financial sector regulator or authority as specified by SEBI, thereby broadening permissible functions. It replaces the prior Explanation with one stating that such ratings must conform to the respective regulator's rating guidelines and remain under that regulator's purview, thereby subjecting cross-regulatory ratings to the applicable regulatory guidelines and supervisory scope. The previous proviso to clause (f) is deleted.
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