The Securities and Exchange Board of India (SEBI) has introduced amendments to the SEBI (Credit Rating Agencies) Regulations, 1999. These changes aim to align the regulations with the Companies Act, 2013, and broaden the scope of securities covered by credit rating agencies. Key amendments include updating definitions and expanding the types of securities that credit rating agencies can rate, encompassing both listed and proposed-to-be-listed securities.
The SEBI has notified a new set of regulations to amend the existing SEBI (Credit Rating Agencies) Regulations, 1999 which shall come into force as on the date of its publication in the Official Gazette.
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Amendment
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1999
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