On 25 April 2024, the European Parliament issued a press release stating that it had adopted the text of the proposed Regulation on the transparency and integrity of environmental, social and governance rating activities. The legislative measures still need to be formally adopted by the Council of the EU. Following this they will be published in the Official Journal of the EU (OJ). In terms of timing, the draft Regulation enters into force on the twentieth day following its publication in the OJ. It applies 18 months from its entry into force.