ESMA consults on rules for ESG Rating Providers

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The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published a Consultation Paper on draft Regulatory Technical Standards (RTS) under the ESG Rating Regulation.

The draft RTS cover the following aspects that apply to ESG rating providers:

  • The information that should be provided in the applications for authorisation and recognition.
  • The measures and safeguards that should be put in place to mitigate risks of conflicts of interest within ESG rating providers who carry out activities other than the provision of ESG ratings.
  • The information that they should  disclose to the public, rated items and issuers of rated items, as well as users of ESG ratings.

Next steps

ESMA will consider the feedback received to the consultation by 20 June 2025 and expects to publish a Final Report and submit the draft RTS to the European Commission for adoption in October 2025.

ESMA particularly encourages entities that intend to apply for registration as ESG Rating Providers, as well as financial market participants, users of ESG ratings or rated entities, to participate in the consultation.

 

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Consultation Paper on draft Regulatory Technical Standards (RTS)

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https://www.esma.europa.eu/sites/default/files/2025-05/ESMA84-2037069784-2276_Consultation_Paper_on_Technical_Standards_under_ESG_Rating_Regulation.pdf

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Consultation Paper on draft Regulatory Technical Standards (RTS) 

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