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          <h1>ESG Rating Providers Must Appoint Compliance Officer Under Regulation 28Q to Ensure Legal Adherence and Report Non-Compliance</h1> Regulation 28Q of the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 mandates that ESG rating providers must appoint a compliance officer. This officer is tasked with overseeing adherence to all relevant laws. Additionally, the compliance officer is required to promptly and independently report any instances of non-compliance directly to the Board. This regulation was inserted through a notification dated July 3, 2023.

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