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<h1>Applicability of ESG rating provider regulation: principal securities rules extend to ESG raters with specified chapter exceptions.</h1> Regulation 28A makes the principal SEBI regulatory provisions applicable to ESG rating providers, excluding chapters II, III and IV; references to a credit rating agency in specified chapters are to be read as references to an ESG rating provider where applicable, and the Chapter applies only to ESG rating providers listed in the Fourth Schedule.