- The norms were issued according to Section 11(1) of the SEBI Act 1992 and Regulation 20 of SEBI (CRA) Regulations 1999.
- The norms will be applicable from 01 January 2023.
- SEBI issued the norms with the objective to:
- protect the interest of investors
- promote development in the securities market
- The monitoring of implementations of these norms will be carried out under SEBI (CRA) Regulation through half-yearly internal audits.
- SEBI is a Government of India-owned regulatory body that was established in 1992 with its headquarters in Mumbai, Maharashtra. The current Chairperson of the regulatory body is Madhabi Puri Buch.
Question:
Q.1 Who issued the norms regarding the standardization of rating scales used by Credit Rating Agencies (CRAs)?a. SEBI
b. NPCI
c. RBI
d. NITI Aayog
