Enabling ESG Rating Providers (ERPs) to undertake ESG rating activities under IFSCA

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....egulation 28E(d) of SEBI (Credit Rating Agencies) Regulations, 1999 ('CRA Regulations'), Para 7.1 of the Master Circular for ERPs dated May 16, 2024 provides that ERPs may undertake or offer ESG rating of any product or issuer, as may be required by another financial sector regulator or authority, under the guidelines of such regulator or authority. To enable ERPs to undertake ESG rating activitie....

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.... actions and furnishing information to third parties, including statutory or judicial bodies, in respect to the services provided by the ERPs in the IFSC. 3. The circular shall be applicable with immediate effect. 4. This circular is issued with the approval of competent authority, in exercise of the powers conferred by Section 11 (1) of Securities and Exchange Board of India Act, 1992 read with....