Surrender of Certificate of Registration of a Credit Rating Agency (CRA)
Suspension, Cancellation or Surrender of Certificate of Registration of a Credit Rating Agency
- Securities and Exchange Board of India (SEBI) Act, 1992 read with Securities and Exchange Board of India (Intermediaries Regulations), 2008 and Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 (“CRA Regulations”), inter alia provide for cancellation, suspension or surrender of certificate of registration of a Credit Rating Agency (CRA).
- In order to facilitate orderly migration of credit ratings of listed or proposed to be listed, non-convertible securities, securitised debt instruments, security receipts, municipal debt securities or commercial paper, and other regulated products pursuant to cancellation, suspension, or surrender of certificate of registration of a CRA to another SEBI-registered CRA, the following are hereby prescribed, subject to the requirements of corresponding cancellation or suspension order(s) passed by SEBI (“the Order”), if any:
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