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SEBI Increases Governance Norms for Rating Agencies - (05 Nov 2019)

CAPITAL MARKET

Securities and Exchange Board of India has said that the Chief Executive Officer of a rating firm cannot be a member of the rating committee and such committees will directly report to the chief rating officer. The capital markets regulator also said that independent directors should constitute one-third of the board of the rating agency.

Tags : SEBI   RATING AGENCIES  

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