Timeline for Review of ESG Rating pursuant to occurrence of ‘Material Events’

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..... ating pursuant to occurrence of Material Events 1. Para 10.1 of the Master Circular for ESG Rating Providers (ERPs) SEBI/HO/DDHS/DDHS-POD3/P/CIR/2024/47 dated May 16, 2024 ( Master Circular ) provides the following in respect of material events requiring a review of the ESG ratings: 10.1.1. Regulation 28L(g) of CRA Regulations require an ERP to have efficient systems to track material developments .....

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..... listed companies pursuant to publication of BRSR by such companies, within the specified timeline of 10 days. Considering the same, in order to promote Ease of Doing Business, it has been decided to provide relaxation in the timeline for review of ESG rating pursuant to publication of BRSR. Accordingly, Para 10.1.3. of the Master Circular stands modified as below: ERPs shall carry out a review of .....

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..... he website of the Securities and Exchange Board of India at www.sebi.gov.in under the category Legal and under the drop down Circulars . Yours faithfully, Sarika Kataria Deputy General Manager Department of Debt and Hybrid Securities Tel No.022-2644-9411 Email ID - [email protected] - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementin .....

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