Renewal of Registration
The ESG themselves specify that agencies have to undergo “an external review at least once every five years in order to demonstrate their compliance with the ESG” (see ESG 3.7). Consequently, registration on EQAR is granted for a period of five years.
The agency should normally apply for renewal at least 10-12 months before their registration expires, so as to ensure that the review is completed in time (see timeline overview).
In order to ensure an uninterrupted registration on EQAR, a registered agency has to plan its application for renewal so that the external review will be completed and submitted before expiry of its registration.
The renewal of application process follows the same steps as an initial application. The agency is expected to fill its online application form and go through an eligibility verification before initiating its external review.