SEBI MANDATES VALUATION BY CREDIT RATING AGENCY

Stock market regulator (SEBI) has made it mandatory to appoint a SEBI approved credit rating agency for valuing structured products and market linked debentures. SEBI has said that the valuation of structured products would be put up once a week on the websites of the issuer and the rating agency. Issuers are also expected to provide the value to investors on request free of cost. The cost incurred for valuation shall be disclosed in the offer document of the structured product.