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      Question

      The Securities and Exchange Board of India (SEBI) has

      mandated that all entities providing ESG (environmental, social, governance) rating services will have to get a certification from the regulator within six months & the minimum liquid net worth to be maintained by a category I ERP has been kept at ____.
      A Rs.2 crore Correct Answer Incorrect Answer
      B Rs.5 crore Correct Answer Incorrect Answer
      C Rs.7 crore Correct Answer Incorrect Answer
      D Rs.9 crore Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      The Securities and Exchange Board of India (SEBI) has mandated that all entities providing ESG (environmental, social, governance) rating services will have to get a certification from the regulator within six months. The markets regulator has introduced two categories for the rating entities depending on their networth and functions. ESG Rating Providers (ERPs) located outside India but issuing ESG ratings for Indian companies and having a user base in India will also have to comply with the new regulation. While the minimum liquid networth to be maintained by a category I ERP has been kept at Rs. 5 crore, a category II ERP will have to maintain it at Rs. 10 lakh at all times.

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