BUSINESS

Sebi proposes stricter ownership, governance norms for rating agencies, RTAs

SEBI plans stricter norms for rating agencies, RTAs

Markets regulator SEBI proposed stricter ownership and governance norms for credit rating agencies, debenture trustees and registrar and share transfer agents as applicable to other market infrastructure institutions (MIIs). Stock exchanges, depositories and clearing corporations are considered MIIs now. SEBI proposed to classify credit rating agencies, debenture trustees (DTs) and registrar and share transfer agents (RTAs) in this category.PTI

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