EU Reaches Provisional Agreement on ESG Ratings Regulation

The European Parliament and the Council of the EU have made some significant changes to the European Commission’s proposal.

Key Points:

..The agreed text includes important clarifications on the scope of the regime and additional exemptions, amongst other changes.

..The amendments will have notable impacts on global ESG ratings providers, the companies using their services, and financial institutions that embed ESG ratings within their products and services.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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