Wednesday March 18 2026
News Source: Global Exchanges
Focus: Stock Exchange Regulation
Type: General
Country: India
On 16th March 2026, the International Financial Service Centres Authority (IFSCA) published proposal for amendments in Capital Market Intermediaries Regulations, 2024 (CMI Regulations) and Master Circular pertaining to Credit Rating Agencies.
CMI Regulations provide provisions related to registration of several capital market intermediaries including Credit Rating Agencies. The CMI Regulations also provide for general and specific obligations and responsibilities to be complied by the capital market Intermediaries registered with IFSCA.
Regulation 28 of the CMI Regulations provides for specific obligations and responsibilities of Credit Rating Agencies registered with IFSCA.
Further, IFSCA has also issued Master Circular for Credit Rating Agencies on August 05, 2025, in order to enable the stakeholders to have access to various requirements including instructions or directions issued under CMI Regulations at one place.
IFSCA is in receipt of representations for amendments in respect of the following matters pertaining to Credit Rating Agencies:
- Withdrawal of Ratings
- Record Keeping by CRAs
- Disclosure of Private Ratings
- Permissible activities for CRA
- Dissemination of Ratings
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