https://www.taxtmi.com/circulars?id=66837 The Master Circular consolidates procedural and operational requirements for CRAs including online registration, prior approval for change in control, transfer and surrender mechanics, and obligations during suspension or cancellation. It standardizes rating scales (including an EL scale), mandates detailed operations manuals, rating criteria, committee governance, and recordkeeping. Surveillance obligations include monthly No Default Statements and event based reviews; standardized press releases must disclose analytical approach, liquidity and rating sensitivities. Enhanced transparency requires PD benchmarks, periodic default and transition disclosures, machine readable reporting, half yearly internal audits with specified scope, and rules on conflict management, outsourcing and firewalls. en-us Mon, 03 Jul 2023 00:00:00 +0530 Fri, 22 Sep 2023 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66837 The Master Circular consolidates procedural and operational requirements for CRAs including online registration, prior approval for change in control, transfer and surrender mechanics, and obligations during suspension or cancellation. It standardizes rating scales (including an EL scale), mandates detailed operations manuals, rating criteria, committee governance, and recordkeeping. Surveillance obligations include monthly No Default Statements and event based reviews; standardized press releases must disclose analytical approach, liquidity and rating sensitivities. Enhanced transparency requires PD benchmarks, periodic default and transition disclosures, machine readable reporting, half yearly internal audits with specified scope, and rules on conflict management, outsourcing and firewalls. Circulars SEBI Mon, 03 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66837