Regulation 28R - Maintenance of Books of Accounts records, etc. - Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999

1 [ Maintenance of Books of Accounts records, etc. 28R . (1) Every ESG rating provider shall keep and maintain, for a minimum period of five years, the following books of accounts, records and documents, namely (a) copy of its financial statements as on the end of each accounting period; (b) a copy of the auditor s report on its accounts for each accounting period; (c) a copy of the agreement entered into with each client, if applicable; (d) information supplied by each of the clients, if applicable; (e) correspondence with each client; (f) ESG ratings assigned to various issuers or securities including up- gradation and down gradation (if any) of the ratings so assigned; (g) ESG rating notes and other documents which state the rationale or form the basis for assigning an ESG rating; (h) letter or reports or press releases or disclosures assigning ESG ratings; (i) particulars of fees charged for ESG ratings; and (j) such other records as the Board may specify from time to time. (2) Every ESG rating provider shall intimate to the Board the place where the books of account, records and documents, required to be maintained under these regulations, are being maintained. ] *************** NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2023/136 dated 03-07-2023