SEBI Permits CRAs to Operate as ‘Past Risk and Return Verification Agencies’ With Board’s Approval
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- Last Updated on 24 March, 2025
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Notification F. No. SEBI/LAD-NRO/GN/2025/236, Dated: 20.03.2025
SEBI has notified an amendment to the SEBI (Credit Rating Agencies) Regulations, 1999. A new chapter on ‘Past Risk and Return Verification Agency’ has been inserted. The chapter allows Credit Rating Agencies (CRAs) to operate as Past Risk and Return Verification Agencies with the Board’s approval. Further, CRAs can engage a recognized stock exchange as a Past Risk and Return Verification Agency Data Centre for verification activities as per the terms and conditions specified by the Board.
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