Dealing with Conflict of Interest :
A CRA shall formulate the policies and internal codes for dealing with the conflict of interests. A CRA shall ensure that its analysts do not participate in any kind of marketing and business development including negotiations of fees with the issuer whose securities are being rated, the employees’ involved in the credit rating process and their dependants do not have ownership of the shares of the issuer and prompt review of the credit ratings of the securities as and when any of its employees joins the respective issuer.