The International Financial Services Centres Authority (IFSCA) on July 25, 2024, issued a circular regarding the Credit Rating Agencies in the IFSC.
A CRA registered with SEBI, desirous of providing rating services in the IFSC, shall apply for registration with IFSCA in accordance with the requirements provided under the IFSCA (Capital Market Intermediaries) Regulations, 2021, as amended from time to time. The activities of the CRAs operating in the IFSC shall be subject to the requirements in the IFSCA Act, 2019, CMI Regulations and other applicable regulations and circulars notified by IFSCA from time to time.
The circular shall come into force with immediate effect.
[Circular No. IFSCA-PLNP/40/2024-Capital Markets]
