Any legal person that wishes to operate as an ESG rating provider in the Union shall be subject to one of the following:
((a))
an authorisation issued by ESMA as referred to in Article 6;
((b))
an equivalence decision as referred to in Article 10 and fulfilment of the conditions referred to in that Article;
((c))
an authorisation for endorsement as referred to in Article 11;
((d))
a recognition as referred to in Article 12.