The Securities and Exchange Board of India (SEBI) on July 11, 2024, issued the Securities and Exchange Board of India (Credit Rating Agencies) (Amendment) Regulations, 2024 to further amend the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999.
The following amendments have been stated:
In regulation 28B which specifies Definitions, in sub-regulation (1), in clause (d), in the Explanation, clause (i) shall be substituted with the following, namely,-
“(i) “liquid asset” means a low risk asset such as cash, units of overnight or liquid mutual fund schemes, fixed deposits of scheduled commercial banks, government securities, treasury bills, repo on government securities and repo on corporate bonds that may be easily converted into cash in a short period of time.”
They shall come into force on July 11, 2024.
[Notification No. SEBI/LAD-NRO/GN/2024/191]
