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TMI BlogGuidelines for dealing with Conflict of Interest for investment/ trading by CRAs, Access Persons and other employeesX X X X Extracts X X X X X X X X Extracts X X X X ..... es 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 ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... securities (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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n, 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 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... idelines by October 01, 2013. The policies adopted by them in this regard shall be disclosed on their websites. 5. This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 17 of SEBI (Credit Rating Agencies) Regulations, 1999 to protect the interests of investors in securities and to promote the develo ..... X X X X Extracts X X X X X X X X Extracts X X X X
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