Read the following statements carefully:1.CRISIL Ltd, a diversified global analytics company, will transfer its rating business to its proposed new wholly-owned subsidiary.2.The board of CRISIL gave the nod for the transfer, which is being done to comply with SEBI norms of last year.3.SEBI modified its regulations for credit rating agencies and mandated the segregation of rating and non-ratings businesses of credit-rating agencies.Which of the above statements is/are correct?

• A. Only 1
• B. Only 1 and 2
• C. Only 1 and 3
• D. Only 2 and 3
• E. All are correct