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of <h1>ESG Rating Providers Must Disclose Definitions and Clarify Ratings Are Not Investment Recommendations Under Regulation 28O</h1> Regulation 28O mandates that ESG rating providers must disclose the definitions and symbols of their ESG ratings. Additionally, they must clearly state that these ratings are not recommendations to buy, hold, or sell any securities. This regulation is part of the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999, and was inserted through a notification dated July 3, 2023.
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