1. Outsourcing of important operational functions shall not be undertaken in such a way as to materially impair the quality of an ESG rating provider’s internal controls and the ability of ESMA to supervise the ESG rating provider’s compliance with its obligations under this Regulation.
2. ESG rating providers that outsource functions or any services or activities that are relevant for the provision of an ESG rating shall remain fully responsible for discharging all of their obligations under this Regulation and for disclosing the information referred to in Annex II.