Regulation 26 - Securities issued by promoter - Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999

Securities issued by promoter 26. (1) No credit rating agency shall rate a security issued by its promoter. (2) In case promoter is a lending institution, its Chairman, director or employee shall not be a Chairman, director or employee of credit rating agency or its rating committee. Provided that sub-regulation (2) shall come into force within three months from commencement of these regulations.