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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>ESG ratings definitions clarify regulated terms and business models for ESG rating providers under new regulation.</h1> Defines core regulatory terms: ESG ratings as opinions on an issuer's or security's ESG profile issued via a defined ranking system; ESG rating provider as any person engaged in issuing such ratings; 'client' as one who avails those services; 'issuer' as the rated person; and 'promoter' per issue and disclosure rules. Financial prerequisites: liquid net worth comprises net worth in unencumbered liquid assets, with 'liquid asset' listing cash, overnight/liquid mutual funds, scheduled bank fixed deposits, government securities, treasury bills, and repos. The subscriber-pays business model is revenue from subscribers including financial institutions or the rated entity.

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