Master Circular for ESG Rating Providers (“ERPs”)

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..... Providers ( ERPs ) I. ESG Rating Providers are regulated under the provisions of Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 ( CRA Regulations as amended with effect from July 4, 2023) that inter-alia prescribe guidelines for registration of ERPs, general obligations of ERPs, manner of inspection and code of conduct applicable to ERPs. II. While the broad fra .....

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..... of investors in securities, to promote the development of, and to regulate, the securities market. V. Applicability: The provisions of the Master Circular shall come into force with immediate effect from the date of notification of this Master Circular. For the purpose of this Circular, listed entity shall have the same meaning as provided in Regulation 2(1)(p) of Securities and Exchange Board of .....

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