SEBI (Credit Rating Agencies) (Amendment) Regulations, 2024

Last updated: 12 July 2024

Notice Date : 08 July 2024

SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 8th July, 2024

SECURITIES AND EXCHANGE BOARD OF INDIA (CREDIT RATING AGENCIES) (AMENDMENT) REGULATIONS, 2024

No. SEBI/LAD-NRO/GN/2024/191 —In exercise of the powers conferred under section 30 read with section 11 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999, namely: -

1. These regulations may be called the Securities and Exchange Board of India (Credit Rating Agencies)(Amendment) Regulations, 2024.

2. They shall come into force on the date of their publication in the Official Gazette.

3. In the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999,

(1) In regulation 28B, in sub-regulation (1), in clause (d), in the Explanation, clause (i) shall be
subsitituted with the following, namely,-

“(i) “liquid asset” means a low risk asset such as cash, units of overnight or liquid mutual fund
schemes, fixed deposits of scheduled commercial banks, government securities, treasury bills, repo on
government securities and repo on corporate bonds that may be easily converted into cash in a short
period of time.”

BABITHA RAYUDU, Executive Director
[ADVT.-III/4/Exty./279/2024-25]