Regulation 12A - Recognition of an eligible credit rating agency as a Past Risk and Return Verification Agency - Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999

1 [CHAPTER IIA PAST RISK AND RETURN VERIFICATION AGENCY Recognition of an eligible credit rating agency as a Past Risk and Return Verification Agency 12A. (1) Notwithstanding anything contained in these regulations, the activity of a Past Risk and Return Verification Agency as referred to in Regulation 16E of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008, may be carried out by a credit rating agency, with the approval of the Board, on such terms and conditions as may be specified by the Board. (2) The Past Risk and Return Verification Agency shall engage a recognised stock exchange as a Past Risk and Return Verification Agency Data Centre on such terms and conditions as may be specified by the Board. ] *************** NOTES:- 1 . Inserted vide F. No. SEBI/LAD-NRO/GN/2025/236 dated 20-03-2025