Amar & Co., a credit rating agency, intends to instil high standards of integrity and fairness in all its dealings with its clients. Advise the company about the code of conduct it should adopt, keeping in view the S

As per SEBI (Credit Rating Agencies) Regulations, 1999 every credit rating agency is required to abide by the Code of Conduct as per SEBI Regulations: A credit rating agency in the conduct of its business should observe high standards of integrity, dignity and fairness in all its dealings with its clients. A credit rating agency should fulfil its obligations in an ethical manner. A credit rating agency should render at all times high standards of service, exercise due diligence, ensure proper care and exercise independent professional judgement. It shall wherever necessary, disclose to the clients, possible sources of conflict of duties and interests, while providing unbiased services. The credit rating agency should avoid any conflict of interest of any member of its rating committee participating in the rating analysis. Any potential conflict of interest shall be disclosed to the client. A credit rating agency should not indulge in unfair competition nor do they wean away client of any other rating agency on assurance of higher rating. A credit rating agency should not make any exaggerated statement, whether oral or written, to the client either about its qualification or its capability to render certain services or its achievements in regard to services rendered to other clients. A credit rating agency should always endeavour to ensure that all professional dealings are effected in a prompt and efficient manner. A credit rating agency should not divulge to other clients, press or any other party any confidential information about its client, which has come to its knowledge, without making disclosure to the concerned person of the rated company/client. A credit rating agency should not make untrue statement or suppress any material fact in any documents, reports, papers or information furnished to SEBI or to public or to stock exchange. A credit rating agency is required to abide by the provisions of the Act, regulations and circulars which may be applicable and relevant to the activities carried on by the credit rating agency.