Taxmann’s Analysis | SEBI Unveils New ESG Rating Norms

Driving Sustainable Growth: SEBI Unveils Game-Changing ESG Rating Norms

DRIVING SUSTAINABLE GROWTH: SEBI UNVEILS GAMECHANGING ESG RATING NORMS

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Taxmann’s Analysis | SEBI Unveils New ESG Rating Norms

Published on Jul 11, 2023

SEBI vide. Notification no. SEBI/LAD-NRO/GN/2023/136, dated 03.07.2023, has notified the SEBI (Credit Rating Agencies) (Amendment) Regulations, 2023, whereby a new chapter called ‘ESG Rating Providers’ has been introduced, which prescribes provisions relating to: ‣ Applicability of ESG Rating Provider norms ‣ Registration requirement for acting as ESG rating providers ‣ Eligibility criteria to be registered as an ESG rating provider ‣ Power of SEBI to call for information from the ESG rating provider applicant ‣ Transparency and governance requirements maintained by ESG rating provider ‣ Appointment of Compliance Officer by ESG Rating Providers ‣ Books of Accounts & records maintained by ESG Rating Providers ‣ Provisions relating to shareholding. This article analyses the key amendments issued by SEBI and examines their potential impact on the market.

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