Policy on Outsourcing of Activities

Last Reviewed On: July 07, 2020 (Version 2)

In line with SEBI’s circular CIR/MIRSD/24/2011 dated December 15, 2011, Acuité does not outsource its core activities related to rating execution and compliance functions.

Core activities related to Rating Execution:

1. Data entry (financial and non-financial)
2. Interactions / Discussions with the management
3. Preparation of the Rating / Review note
4. Presentation of the Rating / Review note to the Rating Committee
5. Administrative and secretarial work relating to Rating Committee Meetings

Non-core / non-analytical activities:

Acuite has appointed tele-calling / client servicing executives who are off-roll associates for the purposes of following up for information from rated entities fore surveillance and review.

 

These associates are on a term contract with a third-party service provider purely from a payroll processing perspective. However, the training, monitoring / supervision and reporting is to an employee on the rolls of Acuite. These associates are bound by all the policies and guidelines of Acuite. Apart from processing payroll the third-party service provider has no role in the day to day management of these associates.