The Financial Services and Markets Act 2000 (Regulated Activities) (ESG Ratings) Order 2025
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Change 1
15 Information to be supplied to a party to a contract with a person to whom article 12 applies
(1) A person to whom article 12 applies (“A”) must notify the persons specified in paragraph (2) that A is— (a) to be treated as an exempt person or exempt from section 20 of the Act, and (b) not required to be granted an ESG ratings permission by the FCA in order to carry on the regulated activity specified by article 63U of the Regulated Activities Order. (2) The persons specified for the purposes of paragraph (1) are— (a) each party to a pre-existing contract with A that relates to A’s provision of an ESG rating, and (b) any person who uses, has used or may use an ESG rating made available by A. (3) The notification must be made as soon as reasonably practicable after whichever is the later of— (a) the main commencement day, or (b) where the FCA has given a direction in respect of A under article 11(3), the date specified by the FCA in accordance with article 11(4)(a).
15 Information to be supplied to a party to a contract with a person to whom article 12 applies
(1) A person to whom article 12 applies (“A”) must notify the persons specified in paragraph (2) that A is— (a) to be treated as an exempt person or exempt from section 20 of the Act, and (b) not required to be granted an ESG ratings permission by the FCA in order to carry on the regulated activity specified by article 63U of the Regulated Activities Order. (2) The persons specified for the purposes of paragraph (1) are— (a) each party to a pre-existing contract with A that relates to A’s provision of an ESG rating, and (b) any person who uses, has used or may use an ESG rating made available by A. (3) The notification must be made as soon as reasonably practicable after whichever is the later of— (a) the main commencement day, or (b) where the FCA has given a direction in respect of A under article 11(3), the date specified by the FCA in accordance with article 11(4)(a).
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