Share Holding of Credit Rating Agencies

Share Holding of Credit Rating Agencies

As per the information received from Securities and Exchange Board of India (SEBI), at the instance of the High Level Coordination Committee on Financial Markets (HLCCFM) Government had set up a committee to revisit the legal and policy framework for regulating the activities of Credit Rating Agencies (CRAs). Giving this information in written reply to a question in the Rajya Sabha, the Minister for Corporate Affairs, Shri Salman Khurshid, informed the House that the report of the Committee which has interalia recommended that all registered rating agencies may be required to disclose publicly on their websites their shareholding pattern and the names of the owners, is under examination by SEBI. ,