SEBI Caps Cross-Shareholding in Rating Agencies at 10%

Markets regulator SEBI stated that cross-holding in credit rating agencies (CRAs) will be capped at  10 percent and also decided to raise the minimum networth requirement to Rs 25 crore from the current Rs 5 crore.

Also, the board of Sebi has approved a slew of measures for tightening the financial and operational eligibility of the promoters of CRAs, besides greater disclosure requirements for them.
Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • SEBI- Securities and Exchange Board of India.
  • SEBI Chairman- Ajay Tyagi, Headquarters- Mumbai.
Source- Moneycontrol