Recital 41

(41)To bring more clarity to, and enhance trust regarding, the operations of ESG rating providers, it is necessary to lay down requirements for the ongoing supervision of ESG rating providers in the Union. In light of the significant similarities between the activities of credit rating agencies and those of ESG rating providers, the related close alignment of central aspects of the regulatory framework for ESG rating providers to the regulatory framework for credit rating agencies under Regulation (EC) No 1060/2009 of the European Parliament and of the Council ¹⁵ , and in order to ensure a harmonised application of this Regulation as well as uniform supervision, it is deemed advisable, considering the decision taken under Regulation (EC) No 1060/2009 to entrust supervision to ESMA, to entrust the supervision of ESG rating providers to ESMA. The fact that this Regulation entrusts supervision to ESMA does not constitute a precedent and should not be interpreted as establishing a practice or policy on the attribution of supervisory responsibilities in the financial services sector.