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Preamble
Recitals 52
Title I - SUBJECT MATTER, SCOPE AND DEFINITIONS (Article 1-3) 3
Title II - PROVISION OF ESG RATINGS IN THE UNION (Article 4-14) 11
Title III - INTEGRITY AND RELIABILITY OF ESG RATING ACTIVITIES (Article 15-46) 32
- Chapter 1 - Organisational requirements, processes and documents concerning governance (Article 15-22) 8
- Chapter 2 - Transparency requirements (Article 23-24) 2
- Chapter 3 - Independence and conflicts of interest (Article 25-27) 3
- Chapter 4 - Supervision by ESMA (Article 28-42) 15
  - Section 1 - General principles (Article 28-34) 7
    
    Article 28 - Non-interference with the content of ESG ratings or methodologies
    
    Article 29 - ESMA
    
    Article 30 - Competent authorities
    
    Article 31 - Exercise of the powers referred to in Articles 32, 33 and 34
    
    Article 32 - Requests for information
    
    Article 33 - General investigations
    
    Article 34 - On-site inspections
  - Section 2 - Supervisory measures and penalties (Article 35-38) 4
  - Section 3 - Procedures and review (Article 39-41) 3
  - Section 4 - Fees and delegation (Article 42) 1
- Chapter 5 - Cooperation between ESMA and the competent authorities (Article 43-46) 4
Title IV - DELEGATED AND IMPLEMENTING ACTS (Article 47-50) 4
Title V - TRANSITIONAL AND FINAL PROVISIONS (Article 51-53) 3
Annexes 3

Article 31 - Exercise of the powers referred to in Articles 32, 33 and 34

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Article 31

Exercise of the powers referred to in Articles 32, 33 and 34

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The powers conferred on ESMA or on any official, or other person authorised by, ESMA by Articles 32, 33 and 34 shall not be used to require the disclosure of information or documents which are subject to legal privilege.

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