European Regulations DOUE Importance: 4/10

Procedural rules for fines against sustainability rating providers (ESG) in the EU

30 Jul 2026 78 views
Who is affected:
ESG rating providers supervised by ESMA and investors using these ratings

Summary

The EU establishes how fines will be processed against companies that issue sustainability ratings (ESG). It defines the steps that the European regulator ESMA will follow to sanction these providers.

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This Delegated Regulation develops the sanctioning procedure that the European Securities and Markets Authority (ESMA) will apply to ESG rating providers (environmental, social and governance) supervised under Regulation (EU) 2024/3005. It regulates deadlines, hearing rights, access to files and procedural phases befor…

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Full official title

OJ:L_202600904: Reglamento Delegado (UE) 2026/904 de la Comisión, de 24 de abril de 2026, por el que se completa el Reglamento (UE) 2024/3005 del Parlamento Europeo y del Consejo en lo que respecta a las normas de procedimiento relativas a las multas y multas coercitivas impuestas a los proveedores de calificaciones ASG por la Autoridad Europea de Valores y Mercados

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