# The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, Article 63X: Unregulated credit ratings


(1) A person does not carry on an activity of the kind specified by article 63U by providing an ESG rating which is used to produce, or is incorporated in—
(a) a credit rating,
(b) a credit score, or
(c) a credit scoring system or similar assessment related to obligations arising from a consumer, commercial or industrial relationship, and
which is excluded from the UK CRAR by Article 2(2) of that Regulation.
(2) For the purposes of paragraph (1)—
(a) “credit rating” and “credit score” have the meaning given in Article 3(1) of the UK CRAR;
(b) an ESG rating is not provided to produce, or as incorporated in, any of the matters described at paragraph (1)(a) to (c) where the ESG rating is provided as a standalone product or service.

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Source: https://www.legislation.gov.uk/uksi/2001/544/article/63X (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-order-2001/article-63X
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.