SEBI vide its notification dated 20th March, 2025 (Published on 21st March, 2025) has amended Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 by inserting a new regulation in Chapter VI, after regulation 38A:
“Verification of risk-return metrics
38B. Notwithstanding anything contained in these regulations, the activity of a Past Risk and Return Verification Agency Data Centre as referred to in sub-regulation (2) of Regulation 12A of the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999, may be carried out by a recognised stock exchange, with the approval of the Board, on such terms and conditions as may be specified by the Board.”
Copy of the notification has been attached for reference.
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