ESG rating disclosure: providers must publish definitions and explicitly state ratings are not buy, hold or sell recommendations. Regulation 28O requires an ESG rating provider to disclose the definitions and symbols for its ESG ratings and to explicitly state that the ESG ratings do not constitute recommendations to buy, hold or sell any securities, imposing mandatory disclosure obligations to clarify rating semantics and disavow investment advice.
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Provisions expressly mentioned in the judgment/order text.
ESG rating disclosure: providers must publish definitions and explicitly state ratings are not buy, hold or sell recommendations.
Regulation 28O requires an ESG rating provider to disclose the definitions and symbols for its ESG ratings and to explicitly state that the ESG ratings do not constitute recommendations to buy, hold or sell any securities, imposing mandatory disclosure obligations to clarify rating semantics and disavow investment advice.
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