Applicability of Chapter IVA determines when ESG rating providers and users fall within SEBI regulatory scope across jurisdictions.

Applicability of Chapter IVA is determined by a location-based matrix: the ESG rating provider's location, the asset class (Indian or global), and the ESG rating user's location together specify whether SEBI's Chapter IVA applies; generally, Indian providers rating Indian assets for Indian users and Indian providers rating global assets for Indian users are covered, while non-Indian providers are covered only when rating Indian assets for Indian users.

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