What changes on 01/01/2025
The text in force from 04/01/2011 compared with the text from 01/01/2025.
109 inserted
0 amended
0 deleted
0 moved
Read the act as of 01/01/2025 · other versions:
Title I
- inserted Article 1 - Subject matter
- inserted Article 2 - Scope
- inserted Article 3 - Definitions
Title II › Chapter 1
- inserted Article 6 - Application for authorisation to operate in the Union
- inserted Article 7 - Examination by ESMA of the application for authorisation to operate in the Union as an ESG rating provider
- inserted Article 8 - Decision to grant or refuse authorisation to operate in the Union and notification of that decision
- inserted Article 9 - Suspension or withdrawal of authorisation
Title II › Chapter 2
- inserted Article 10 - Equivalence regime
- inserted Article 11 - Endorsement of ESG ratings provided by ESG rating providers established outside the Union
- inserted Article 12 - Recognition of ESG rating providers established outside the Union
- inserted Article 13 - Cooperation arrangements
Title II
- inserted Article 4 - Requirements to operate in the Union
- inserted Article 5 - Temporary regime for small ESG rating providers
Title II › Chapter 3
Title III › Chapter 1
- inserted Article 15 - General principles
- inserted Article 16 - Separation of business and activities
- inserted Article 17 - Rating analysts, employees and other persons involved in the provision of ESG ratings
- inserted Article 18 - Record-keeping requirements
- inserted Article 19 - Complaints-handling mechanism
- inserted Article 20 - Reasoned concerns
- inserted Article 21 - Outsourcing
- inserted Article 22 - Exemptions from governance requirements
Title III › Chapter 2
- inserted Article 23 - Disclosure to the public of the methodologies, models and key rating assumptions used in ESG rating activities
- inserted Article 24 - Disclosures to users of ESG ratings, rated items and issuers of rated items
Title III › Chapter 3
- inserted Article 25 - Independence and avoidance of conflicts of interest
- inserted Article 26 - Management of potential conflicts of interest arising from employees
- inserted Article 27 - Fair, reasonable, transparent and non-discriminatory treatment of users of ESG ratings
Title III › Chapter 4 › Section 1
- inserted Article 28 - Non-interference with the content of ESG ratings or methodologies
- inserted Article 29 - ESMA
- inserted Article 30 - Competent authorities
- inserted Article 31 - Exercise of the powers referred to in Articles 32, 33 and 34
- inserted Article 32 - Requests for information
- inserted Article 33 - General investigations
- inserted Article 34 - On-site inspections
Title III › Chapter 4 › Section 2
- inserted Article 35 - Supervisory measures by ESMA
- inserted Article 36 - Fines
- inserted Article 37 - Periodic penalty payments
- inserted Article 38 - Disclosure, nature, enforcement and allocation of fines and periodic penalty payments
Title III › Chapter 4 › Section 3
- inserted Article 39 - Procedural rules for taking supervisory measures and imposing fines
- inserted Article 40 - Hearing of persons subject to investigations
- inserted Article 41 - Review by the Court of Justice of the European Union
Title III › Chapter 4 › Section 4
- inserted Article 42 - Supervisory fees
Title III › Chapter 5
- inserted Article 43 - Delegation of tasks by ESMA to the competent authorities
- inserted Article 44 - Exchange of information
- inserted Article 45 - Notifications and suspension requests by the competent authorities
- inserted Article 46 - Professional secrecy
Title IV
- inserted Article 47 - Exercise and revocation of the delegation and objections to delegated acts
- inserted Article 48 - Committee procedure
- inserted Article 49 - Amendment to Regulation (EU) 2019/2088
- inserted Article 50 - Amendment to Regulation (EU) 2023/2859
Title V
- inserted Article 51 - Transitional provisions
- inserted Article 52 - Review
- inserted Article 53 - Entry into force and application
Outside any heading
- inserted Recital 1
- inserted Recital 2
- inserted Recital 3
- inserted Recital 4
- inserted Recital 5
- inserted Recital 6
- inserted Recital 7
- inserted Recital 8
- inserted Recital 9
- inserted Recital 10
- inserted Recital 11
- inserted Recital 12
- inserted Recital 13
- inserted Recital 14
- inserted Recital 15
- inserted Recital 16
- inserted Recital 17
- inserted Recital 18
- inserted Recital 19
- inserted Recital 20
- inserted Recital 21
- inserted Recital 22
- inserted Recital 23
- inserted Recital 24
- inserted Recital 25
- inserted Recital 26
- inserted Recital 27
- inserted Recital 28
- inserted Recital 29
- inserted Recital 30
- inserted Recital 31
- inserted Recital 32
- inserted Recital 33
- inserted Recital 34
- inserted Recital 35
- inserted Recital 36
- inserted Recital 37
- inserted Recital 38
- inserted Recital 39
- inserted Recital 40
- inserted Recital 41
- inserted Recital 42
- inserted Recital 43
- inserted Recital 44
- inserted Recital 45
- inserted Recital 46
- inserted Recital 47
- inserted Recital 48
- inserted Recital 49
- inserted Recital 50
- inserted Recital 51
- inserted Recital 52
- inserted Preamble
- inserted Annex I
- inserted Annex II
- inserted Annex III