Amendment to guidelines and extension of timeline for implementation of Standardized industry classification by Credit Rating Agencies (CRAs)

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....dam, Sub: Amendment to guidelines and extension of timeline for implementation of Standardized industry classification by Credit Rating Agencies (CRAs) 1. SEBI vide Circular No. SEBI/HO/MIRSD/CRADT/CIR/P/2022/42 dated April 01, 2022 advised CRAs to implement standardized industry classification by September 30th, 2022 for the purpose of rating exercise, peer benchmarking, research activities inc....

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....ed industry classification shall be done in terms of the half-yearly internal audit for CRAs, mandated under Regulation 22 of the SEBI (Credit Rating Agencies) Regulations, 1999 and circulars issued thereunder. 5. This circular is issued with the approval of the competent authority. 6. This circular is issued with the approval of competent authority, in exercise of the powers conferred by Sectio....