The Securities and Exchange Board of India (SEBI) on January 13, 2026, issued the Securities and Exchange Board of India (Credit Rating Agencies) (Amendment) Regulations, 2026, to further amend the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999.
The following has been stated namely: -
• Regulation 9 which states “Conditions of Certificate” the following has been amended namely: -
o Clause (f), para 2 has been substituted to state: -
“Nothing contained in these regulations shall preclude a credit rating agency from carrying out any other activity as may be specified by the Board or carrying out rating of financial instruments under the purview of any other financial sector regulator or authority as may be specified by the Board”
o The existing Explanation shall be substituted with the following, namely: -
“For the purpose of this clause, the ratings undertaken by a credit rating agency shall be in accordance with the respective rating guidelines, wherever specified by the financial sector regulator or authority and shall be under the purview of the respective financial sector regulator or authority”
o The existing proviso shall be omitted
This shall come into force on January 13, 2026.
[Notification No. SEBI/LAD-NRO/GN/2026/293]
