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SEBI Issues Norms for Standardization of Rating Scales

Published on November 03, 2022
Current Context: The Securities and Exchange Board of India (SEBI) issued a set of fresh norms regarding the standardization of rating scales used by Credit Rating Agencies (CRAs).
SEBI Issues Norms for Standardization of Rating Scales
  • 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:
  1. protect the interest of investors
  2. 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
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