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SEBI

Home Acts & Rules SEBI Regulation Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 Chapters List This

Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999

Chapter: I
PRELIMINARY
Regulation 1 : Short title and commencement
Regulation 2 : Definitions
Chapter: II
REGISTRATION OF CREDIT RATING AGENCIES
Regulation 3 : Application for grant of certificate of registration
Regulation 4 : Promoter of credit rating agency
Regulation 5 : Eligibility criteria
Regulation 5A : Criteria for Fit and Proper Person) Regulations, 2004
Regulation 6 : Application to conform to the requirements
Regulation 7 : Furnishing of information, clarification and personal representation
Regulation 8 : Grant of certificate of registration.
Regulation 8A : Omitted
Regulation 9 : Conditions of certificate
Regulation 10 : Omitted
Regulation 11 : Procedure where certificate is not granted
Regulation 12 : Omitted
Chapter: III
GENERAL OBLIGATIONS OF CREDIT RATING AGENCIES
Regulation 13 : Code of Conduct
Regulation 14 : Agreement with the client
Regulation 14A : Dispute Resolution
Regulation 15 : Monitoring of ratings
Regulation 16 : Procedure for review of rating
Regulation 17 : Internal procedures to be framed
Regulation 18 : Disclosure of Rating Definitions and Rationale
Regulation 19 : Submission of information to the Board
Regulation 20 : Compliance with circulars etc., issued by the Board
Regulation 20A : Appointment of Compliance Officer
Regulation 21 : Maintenance of Books of Accounts records, etc.
Regulation 22 : Steps on auditor’s report
Regulation 23 : Confidentiality
Regulation 24 : Rating process
Regulation 24A : Shareholding in a credit rating agency
Chapter: IV
RESTRICTION ON RATING OF SECURITIES ISSUED BY PROMOTERS OR BY CERTAIN OTHER PERSONS
Regulation 25 : Definitions
Regulation 26 : Securities issued by promoter
Regulation 27 : Securities issued by certain entities, connected with a promoter, or rating agency not to be rated
Regulation 28 : Securities already rated
Chapter: IVA
ESG RATING PROVIDERS
Regulation 28A : Applicability
Regulation 28B : Definitions
Regulation 28C : Registration of ESG rating providers
Regulation 28D : Application for grant of certificate
Regulation 28E : Eligibility criteria
Regulation 28F : Furnishing of further information, clarification and personal representation
Regulation 28G : Grant of certificate as an ESG rating provider
Regulation 28H : Conditions of certificate
Regulation 28I : Procedure where certificate is not granted
Regulation 28J : Code of Conduct
Regulation 28K : Transparency, governance and prevention of conflict of interest
Regulation 28L : Rating process and monitoring of ESG rating
Regulation 28M : Procedure for review of ESG rating
Regulation 28N : Internal procedures to be framed
Regulation 28O : Disclosure of ESG rating definitions
Regulation 28P : Submission of information to the Board
Regulation 28Q : Appointment of Compliance Officer
Regulation 28R : Maintenance of Books of Accounts records, etc.
Regulation 28S : Steps on auditor’s report
Regulation 28T : Confidentiality
Regulation 28U : Restriction on shareholding in an ESG rating provider
Regulation 28V : Entities connected with a promoter or a rating agency not to be rated
Chapter: V
PROCEDURE FOR INSPECTION AND INVESTIGATION
Regulation 29 : Board’s right to inspect
Regulation 30 : Notice before inspection or investigation
Regulation 31 : Obligations of credit rating agency on inspection or investigation by the Board
Regulation 32 : Submission of Report to the Board
Regulation 33 : Action on inspection or investigation report
Chapter: VI
PROCEDURE FOR ACTION IN CASE OF DEFAULT
Regulation 34 : Liability for action in case of default
Regulation 35 : Omitted
Regulation 36 : Omitted
Regulation 37 : Omitted
Regulation 38 : Omitted
Regulation 39 : Omitted
Regulation 40 : Omitted
Regulation 41 : Omitted
Regulation 42 : Omitted
Chapter: VII
POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS
Regulation 43 : Exemption from enforcement of the regulations in special cases
Schedule
FIFTH SCHEDULE : Application for grant of Certificate of Registration as an ESG rating provider
FIRST SCHEDULE : APPLICATION FOR GRANT OF CERTIFICATE OF REGISTRATION
FOURTH SCHEDULE : APPLICABILITY OF CHAPTER IVA
SECOND SCHEDULE : FEES
SEVENTH SCHEDULE : CODE OF CONDUCT FOR ESG RATING PROVIDERS
SIXTH SCHEDULE : FEES FOR ESG RATING PROVIDERS
THIRD SCHEDULE : CODE OF CONDUCT
 
 
 

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