Restriction on shareholding in an ESG rating provider

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..... any other ESG rating provider, or (b) have representation on the board of directors of any other ESG rating provider: Provided that an ESG rating provider may, with the prior approval of the Board, in the interest of investors, market integrity and stability, acquire shares or voting rights exceeding ten per cent. in any other ESG rating provider if such acquisition results in change in con .....

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