Credit rating agency regulations amended to permit Board specified activities and ratings under other regulators' purview. Regulation 9(f) is amended to permit credit rating agencies to carry out any other activities as specified by the Board and to carry out ratings of financial instruments under the purview of other financial sector regulators or authorities specified by the Board. The substituted Explanation requires ratings to be in accordance with the respective rating guidelines specified by the relevant regulator or authority and remain under that regulator's purview. The existing proviso to clause (f) is omitted.
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Provisions expressly mentioned in the judgment/order text.
Credit rating agency regulations amended to permit Board specified activities and ratings under other regulators' purview.
Regulation 9(f) is amended to permit credit rating agencies to carry out any other activities as specified by the Board and to carry out ratings of financial instruments under the purview of other financial sector regulators or authorities specified by the Board. The substituted Explanation requires ratings to be in accordance with the respective rating guidelines specified by the relevant regulator or authority and remain under that regulator's purview. The existing proviso to clause (f) is omitted.
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