{"id":3184,"date":"2022-09-22T09:10:22","date_gmt":"2022-09-22T09:10:22","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=3184"},"modified":"2022-09-22T09:10:26","modified_gmt":"2022-09-22T09:10:26","slug":"firewall-between-credit-rating-agencies-and-their-affiliates","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/firewall-between-credit-rating-agencies-and-their-affiliates\/","title":{"rendered":"Firewall between Credit Rating Agencies and their Affiliates"},"content":{"rendered":"\n<p class=\"has-text-align-right\">September 21, 2022<\/p>\n\n\n\n<p>To<br>All Credit Rating Agencies (CRAs) registered with SEBI<br>Dear Sir\/ Madam,<\/p>\n\n\n\n<p>I  SEBI (Credit Rating Agencies) Regulations, 1999 (\u201cCRA Regulations\u201d) provide for a principle-based regulation of Credit Rating Agencies (CRAs) focusing inter alia on prevention of conflict of interests. Regulation 13 of the CRA Regulations require CRAs to abide by the Code of Conduct contained in the Third Schedule.<\/p>\n\n\n\n<p>II  Further, CRA Regulations inter alia required CRAs to segregate certain activities to a separate entity under Regulation 9(f) of CRA Regulations (hereinafter referred to as \u201cnon-rating associate or subsidiary or group entity\u201d or collectively as \u201cnonrating entities\u201d).<\/p>\n\n\n\n<p>III In view of the above, the following measures are mandated to strengthen the firewall between SEBI-registered CRAs and their non-rating entities:<\/p>\n\n\n\n<p><strong>To Read More&#8230;.<br>Click the link below&#8230;..<\/strong><\/p>\n\n\n\n<p><strong>Circular :<\/strong>  <a href=\"https:\/\/www.dropbox.com\/s\/ewm8zthjvy73lp2\/Firewall%20between%20Credit%20Rating%20Agencies%20and%20their%20Affiliates.pdf?dl=0\">https:\/\/www.dropbox.com\/s\/ewm8zthjvy73lp2\/Firewall%20between%20Credit%20Rating%20Agencies%20and%20their%20Affiliates.pdf?dl=0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>September 21, 2022 ToAll Credit Rating Agencies (CRAs) registered with SEBIDear Sir\/ Madam, I SEBI (Credit Rating Agencies) Regulations, 1999 (\u201cCRA Regulations\u201d) provide for a principle-based regulation of Credit Rating Agencies (CRAs) focusing inter alia on prevention of conflict of interests. Regulation 13 of the CRA Regulations require CRAs to abide by the Code of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2570,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,85],"tags":[88],"class_list":["post-3184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-circulars","category-sebi","tag-sebi"],"_links":{"self":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/3184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/comments?post=3184"}],"version-history":[{"count":1,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/3184\/revisions"}],"predecessor-version":[{"id":3185,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/3184\/revisions\/3185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/2570"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=3184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=3184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=3184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}