SEBI Enables Credit Rating Agencies and ESG Rating Providers to Undertake Rating Activities Under IFSCA
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Circular No. SEBI/HO/DDHS/DDHS-POD3/P/CIR/2024/102; Dated: 19.07.2024
In order to enable ESG rating providers (ERPs) and Credit Rating Agencies (CRAs) to undertake rating activities in the International Financial Services Centres. IFSCA has been added to the list of financial sector regulators at IFSC-GIFT City, Gujarat. Further, ratings undertaken by an ERP and a CRA under the guidelines of IFSCA must be under the purview of IFSCA.
Further, any issue arising from the activities of SEBI-registered ERPs and CRAs in the IFSC must be dealt with by the IFSCA. The circular is applicable with immediate effect
Click Here To Read The Full Circular
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