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of <h1>ESG Rating Providers Must Meet SEBI Certification Standards, Maintain Transparency, Financial Integrity, and Regulatory Compliance</h1> The regulation outlines conditions for ESG rating providers' certificates issued by SEBI. Key requirements include compliance with regulatory provisions, immediate reporting of false or changed information, obtaining Board approval for control changes, maintaining minimum liquid net worth, paying registration fees, meeting declared targets, and limiting activities primarily to ESG ratings. The provider must inform the Board of material changes and can conduct ESG ratings under financial sector regulator guidelines, with specific ratings falling under respective regulatory purviews.
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