Circular SEBI/HO/MRD/CIR/P/2019/3292 of the Securities and Exchange Board of India dated 12th March, 2019 on the rating of securities [C1H-3KT]

As at 7 September 2026. In force. No commencement recorded.

Dates: made 12 March 2019; in force not recorded; ceased none recorded. Gazette: none recorded. Band B.

Synthetic. This instrument, its title, its number and its words are generated by the register, beneath the Act its recital names.

Cite: Circular SEBI/HO/MRD/CIR/P/2019/3292 of the Securities and Exchange Board of India dated 12th March, 2019 on the rating of securities, Circular SEBI/HO/MRD/CIR/P/2019/3292, 12th March, 2019 [C1H-3KT]. Machine: C1H-3KT.

SEBI/HO/MRD/CIR/P/2019/3292

Securities and Exchange Board of India

Mumbai, dated the 12th March, 2019

CIRCULAR

All Deputy General Managers,

Subject: The rating of securities by credit rating agencies under the Securities and Exchange Board of India Act, 1992, regarding.

This circular is issued in exercise of the powers conferred under section 9 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market

1. References have been received seeking clarification on the manner in which section 9 applies to the rating of securities by credit rating agencies.

2. The matter has been examined. Every credit rating agency carrying on the rating of securities shall make an application in Form A to the Board within fifteen days, accompanied by a fee of two thousand rupees.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the rating of securities is undertaken, and the Board shall dispose of it within fifteen days of its receipt.

4. Difficulties, if any, in the implementation of this circular may be brought to the notice of the Securities and Exchange Board of India.

(Chief General Manager)

Made under

Recital: "This circular is issued in exercise of the powers conferred under section 9 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market". Names section 9 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) [S1W-XPB]. Vires verified.

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