- Moneycontrol
Govt notifies Sebi regulation amendment about ESG ratings providers
The Government of India notified the Securities and Exchange Board of India (Credit Rating Agencies) (Amendment) Regulations, 2023, making rules and regulations for ESG Ratings providers (ERPs).
The amendment added a subchapter to the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999. The amendment lays the groundwork for rating agencies to become an ERP.
It sets guidelines and rules on the registration of ESG rating providers, eligibility criteria, conditions thereof, code of conduct, transparency, governance and prevention of conflict of interest, rating process and monitoring, review of ratings, the disclosure required, and applicability.