# The Financial Services and Markets Act 2000 (Regulated Activities) (ESG Ratings) Order 2025, Article 9: Relevant application period


(1) Not later than one year before the main commencement day, the FCA may, by giving a direction, specify a “relevant application period” for the purposes of this Chapter.
(2) In any direction given under paragraph (1), the relevant application period must—
(a) last for at least 28 days, and
(b) end at least 28 days before the main commencement day.
(3) The power in paragraph (1) includes the power to—
(a) give different directions, including a different relevant application period, in relation to different persons or categories of person;
(b) amend, revoke or substitute any direction made under that paragraph.
(4) Directions given under paragraph (1) must be published in such form as the FCA considers appropriate.
(5) The specification of an application period under paragraph (1) does not prevent the making of applications for an ESG ratings permission outside that period.

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Source: https://www.legislation.gov.uk/ukdsi/2025/9780348275995/article/9 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-regulated-activities-esg-ratings-order-2025/article-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.