TMI BlogCODE OF CONDUCT FOR ESG RATING PROVIDERSX X X X Extracts X X X X X X X X Extracts X X X X ..... n the conduct of its business, shall observe high standards of integrity, dignity and fairness in the conduct of its business. 3. An ESG rating provider shall fulfil its obligations in a prompt, ethical and professional manner. 4. An ESG rating provider shall, at all times, exercise due diligence, ensure proper care and exercise independent professional judgment in order to achieve and maint ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... istics of the rated issuers or their securities. 10. An ESG rating provider shall, wherever necessary, disclose to the client, all possible sources of conflict of duties and interests, which could impair its ability to make fair, objective and unbiased ratings. 11. An ESG rating provider shall ensure that no conflict of interest exists between any member participating in the rating analysis, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is subject, and of directions of the Board or of any other regulatory body. 15. An ESG rating provider shall maintain an appropriate level of knowledge and competence and abide by the provisions of the Act, regulations and circulars, which may be applicable and relevant to the activities carried on by the ESG rating provider. 16. An ESG rating provider shall ensure that there is no misuse of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... intain an arm s length relationship between its ESG rating activity and any other activity. 20. An ESG rating provider shall develop its own internal code of conduct for governing its internal operations and laying down its standards of appropriate conduct for its employees and officers in the carrying out of their duties within the ESG rating provider and as a part of the industry. Such a code ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and followed. 24. ESG rating provider shall not, generally and particularly, in respect of issuers or securities rated by it, be party to or instrumental for (a) creation of false market; (b) price rigging or manipulation; or (c) dissemination of any unpublished price sensitive information in respect of securities which are listed and proposed to be listed in any stock exchange, unle ..... X X X X Extracts X X X X X X X X Extracts X X X X
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