Regulatory Framework for ESG Rating under the Subscriber-Pays Model

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....99<br>1[28KA. An ESG rating provider following a subscriber-pays business model shall ensure that: (a) the ESG rating assigned is based only on publicly available information; (b) The fee paid by ....

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....e securities issued by such entity, and are regulated by financial sector regulator(s) may subscribe to the ESG rating: Provided that by such subscription, there shall be no conflict of interest or ....