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Amendment to SEBI (Credit Rating Agencies) Regulations, 1999 and modification to SEBI Circular dated May 30, 2018

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....dification to SEBI Circular dated May 30, 2018 A. Securities and Exchange Board of India (Credit Rating Agencies) (Second Amendment) Regulations, 2018 1. Vide Gazette Notification No. SEBI/LAD-NRO/GN/2018/36 dated September 11, 2018, in respect of Securities and Exchange Board of India (Credit Rating Agencies) (Second Amendment) Regulations, 2018, as laid down under Regulation 9(f) of SEBI (Cred....

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....e rating(s) provided to its instrument(s) shall be reviewed by a rating committee of the CRA that shall consist of majority of members that are different from those in the Rating Committee of the CRA that assigned the earlier rating, and at least one-third of members are independent. ii. All other provisions of the aforementioned circular shall remain unchanged. 3. This circular is issued in ex....

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