Under which act has SMERA been registered?

Q.  SMERA has been registered under which act?
- Published on 16 Feb 17

a. Securities and Exchange Board of India Act, 1992
b. Reserve Bank of India Act, 1934
c. Banking Regulation Act, 1949
d. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999

ANSWER: Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999
 
SMERA has been registered under Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999.

Its registration with SEBI, as a Credit Rating Agency and accreditation by RBI, in September 2012 as an external credit assessment institution (ECAI) to rate bank loan ratings under Basel II guidelines has paved way for SMERA to rate/grade various instruments such as -
  • IPO
  • NCDs
  • Commercial Papers
  • Bonds
  • Security Receipts
  • Fixed Deposits etc.

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