Treasury is consulting on a future regulatory regime for ESG ratings providers. The consultation follows the announcement as part of the Edinburgh reforms that Treasury wants to ensure improved transparency and good conduct in the ESG ratings market. The core proposal is that the direct provision of environmental, social or governance factors to a user in the UK, where the assessment is used in relation to a “specified investment” in the RAO, will become a regulated activity under the RAO. Consultation closes on 30 June.
