4. A shareholder or a member of an ESG rating provider exercising significant influence within the meaning of Article 2, point (13), second sentence, of Directive 2013/34/EU over that ESG rating provider, or over an undertaking which has the power to exercise control or a dominant influence over that ESG rating provider, shall be prohibited from doing any of the following:
|
(a)
|
exercising significant influence over any other ESG rating provider;
|
|
(b)
|
having the right or the power to appoint or remove members of the administrative or supervisory board of any other ESG rating provider;
|
|
(c)
|
being a member of the administrative or supervisory board of any other ESG rating provider.
|
The first subparagraph of this paragraph shall not apply to investments in other ESG rating providers belonging to the same group of ESG rating providers or to investments in ESG rating providers that are micro-undertakings or small undertakings according to the criteria laid down in Article 3(1) and Article 3(2), first subparagraph, respectively, of Directive 2013/34/EU.