9911796707
TMI BlogGuidelines for dealing with Conflict of Interest for investment/ trading by CRAs, Access Persons and other employeesX X X X Extracts X X X X X X X X Extracts X X X X ..... s Persons and other employees 1. SEBI (Credit Rating Agencies) Regulations, 1999 (hereinafter referred to as the Regulations ) and SEBI circular dated May 3, 2010 require every CRA to formulate the policies and internal code for dealing with the conflict of interest. 2. Applicability (i) These Guidelines shall be applicable in case of investment / trading by CRAs and Access Persons co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vestment/ trading in securities (except schemes of Mutual Funds) done by CRAs or their Access Persons as defined hereunder, the following guidelines, framed in consultation with CRAs are laid down: a. CRAs shall adopt adequate systems, procedures and policies to ensure that they address conflict of interest while making their own investments in securities. b. The CRAs, their employees and Ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d. Disclosures i. Any person, who becomes an employee of the CRA, shall submit a statement of holding of all securities in respect of persons mentioned at 2(ii) above to the Compliance officer or Chief Executive, as the case may be, within 7 working days of joining CRA. ii. All employees of CRA including the Access Persons shall submit the following details to the CEO/Compliance Officer, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... res for effective implementation of these guidelines by October 01, 2013. The policies adopted by them in this regard shall be disclosed on their websites. 5. This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 17 of SEBI (Credit Rating Agencies) Regulations, 1999 to protect the interests of inv ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
