Guidelines for dealing with Conflict of Interest for investment/ trading by CRAs, Access Persons and other employees

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....s 1. SEBI (Credit Rating Agencies) Regulations, 1999 (hereinafter referred to as "the Regulations") and SEBI circular dated May 3, 2010 require every CRA to formulate the policies and internal code for dealing with the conflict of interest. 2. Applicability (i) These Guidelines shall be applicable in case of investment / trading by CRAs and Access Persons connected to CRAs and in cas....

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....ecurities (except schemes of Mutual Funds) done by CRAs or their Access Persons as defined hereunder, the following guidelines, framed in consultation with CRAs are laid down: a. CRAs shall adopt adequate systems, procedures and policies to ensure that they address conflict of interest while making their own investments in securities. b. The CRAs, their employees and Access Persons shall not t....

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...., who becomes an employee of the CRA, shall submit a statement of holding of all securities in respect of persons mentioned at 2(ii) above to the Compliance officer or Chief Executive, as the case may be, within 7 working days of joining CRA. ii. All employees of CRA including the Access Persons shall submit the following details to the CEO/Compliance Officer, as the case may be: a. Details of....