Answer: SEBI
Notes: The Securities and Exchange Board of India (SEBI) regulates credit rating agencies and their functioning. Recently, SEBI has ordered credit rating agency Brickwork Ratings India to wind up its operations within six months. It has barred the agency from taking on any fresh clients or business. Several violations of the provisions of CRA Regulations and SEBI Circulars were found during the RBI-SEBI inspection.
