Consultation Paper; Dated: 13.02.2025
SEBI has released a Consultation Paper seeking public comments on the proposals to strengthen ‘ESG Rating Providers’ (ERPs). ESG stands for environmental, social and governance. SEBI has proposed the circumstances under which ERPs can withdraw ratings under the Subscriber-Pays business model and an Issuer-Pays business model. Under the Subscriber-Pays business model, an ERP can withdraw a rating if there are no subscribers for the rating on the date of withdrawal.
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