Article 63Z4 Regulatory or legal requirementF1

A person (“P”) does not carry on an activity of the kind specified by article 63U where an ESG rating is provided solely for the purpose of complying with any regulatory or legal requirement to which P is subject.

In this article, “regulatory or other legal requirement” means a requirement imposed by an Act, or any other enactment, including rules made by a regulator under such enactment.

In paragraph (2), “enactment” has the meaning given in section 3T of the Act.