The International Financial Services Centres Authority (IFSCA) on July 25, 2024, issued a circular regarding the Valuation of Assets of Schemes under IFSCA (Fund Management) Regulations, 2022 by Credit Rating Agencies at IFSC.
It is hereby specified that a Credit Rating Agency that has obtained a certificate of registration from the Authority under sub-regulation (1) of regulation 10 of the IFSCA (Capital Market Intermediaries) Regulations, 2021 may also undertake the valuation of assets of the schemes under IFSCA (Fund Management) Regulations, 2022.
This circular shall come into force with immediate effect.
[File No. IFSCA-IF-10PR/1/2023-Capital Markets/4]
