Transitional provisions

The Regulation provides several different routes to registration for ESG rating providers intending to operate in the Union.   For small ESG rating providers within the meaning of Article 5(1):   Those operating in the Union at the date of entry into force of the Regulation have until 2 November to notify ESMA to be included in the Article 14 register and should, ideally, notify ESMA by 2 September. If no notification takes place, they must cease their activities,    Those who started their operations after the date of entry into force should notify ESMA from 2 July 2026 in order to be included in the Article 14 register. If no notification takes place, they must cease their activities.   For all other ESG rating providers:   Those operating at the date of entry into force can apply for authorisation or recognition up to four months after 2 July 2026, after having first notified ESMA by 2 August 2026 that they wish to continue operating in the Union. Until ESMA decides whether to grant authorisation, they may continue their operations.