Regulatory jurisdiction: ESG rating activities in the IFSC are subject to local regulator oversight, complaints and enforcement mechanisms. SEBI has added the IFSC regulator to the list of authorities under the ERP framework so that ESG ratings undertaken by SEBI-registered ERPs under IFSC guidelines are governed by the IFSC regulatory regime. The IFSC regulator will handle issues arising from ERPs' IFSC activities, including complaints, enforcement actions and provision of information to third parties, and the circular is effective immediately.
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.
Regulatory jurisdiction: ESG rating activities in the IFSC are subject to local regulator oversight, complaints and enforcement mechanisms.
SEBI has added the IFSC regulator to the list of authorities under the ERP framework so that ESG ratings undertaken by SEBI-registered ERPs under IFSC guidelines are governed by the IFSC regulatory regime. The IFSC regulator will handle issues arising from ERPs' IFSC activities, including complaints, enforcement actions and provision of information to third parties, and the circular is effective immediately.
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