securities legislation, which will vary from jurisdiction to jurisdiction and may require that the trade be made in accordance with applicable exemptions from registration or licensing requirements. This
exclusions for for climate-aligned sectors, and is used by the Climate Bonds Initiative when reviewing labelled bonds or loans for inclusion in its green bond list. The Taxonomy is available on the Climate
disseminating a credit rating that is the result or subject of the credit rating action and afford such rated entity, obligor, or arranger an adequate opportunity to clarify any factual errors, factual omissions
misleading information, material omissions and insider trading. Minority shareholders should be protected from abusive actions by, or in the interest of, controlling shareholders acting either directly or
companies. In addition, in order to facilitate the privatization of state enterprises, the SEC has issued exemptions for such enterprises to offer a portion of their initial public offering of securities to