{
  "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-regulated-activities-esg-ratings-order-2025/article-7",
  "json_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-regulated-activities-esg-ratings-order-2025/article-7.json",
  "legislation": "ukdsi/2025/9780348275995",
  "legislation_title": "The Financial Services and Markets Act 2000 (Regulated Activities) (ESG Ratings) Order 2025",
  "legislation_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-regulated-activities-esg-ratings-order-2025",
  "path": "article/7",
  "kind": "article",
  "number": "7",
  "heading": "Overseas persons",
  "text": "In article 72, after paragraph (5F), insert—\n“(5G) An overseas person (“P”) does not carry on the activity specified by article 63U by providing an ESG rating to a person who is located in the United Kingdom (“Q”) where P receives no remuneration in respect of the ESG rating from any person.\n(5H) In paragraph (5G)—\n(a) “ESG rating” and “located in the United Kingdom” have the meanings given in article 63Z7;\n(b) the reference to P making the rating available is to be interpreted in accordance with the definition of “making available” in article 63Z7;\n(c) “remuneration” means any commission, fee, charge or other payment, including an economic benefit of any kind or any other financial or non-financial advantage or incentive offered or given.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2025/9780348275995/article/7",
    "retrieved_at": "2026-10-30T14:38:28.880492+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}