We look at the scope of the new regulated activities and the FCA proposals for regulating the sector due to come into force June 29, 2028.
ESG ratings providers
The proposals address well-documented concerns about opacity, reliability, and independence in the ESG ratings market.
New measures applicable to UK‑located providers delivering ratings to any client globally and also overseas providers where ratings are made available to UK customers.
The broad scope of the ESGRR is a key compliance issue which affects firms who are not ESG ratings providers (both EU and non-EU).
A look at the package of sustainability reforms in Rachel Reeves' first Mansion House speech.
Agreement on the ESG Rating Activities Regulation clarifies new rules on separation of E, S and G factors, non-EU providers and conflicts of interest.
New ESG ratings proposals due as early as January 2024 may see UK go beyond other regulators.
Summary of the wholesale market response to introduce a binding regulatory regime for ESG ratings providers.