{ "docId": "019dd923-622c-750b-8b99-781d6376c0a8", "docSlug": "9250edf61831", "documentTitle": "MSCI Inc. (MSCI)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2024-01-17 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 55, "pageCount": 123, "prevPage": 54, "nextPage": 56, "slideType": "cite_precedent", "function": "cite_precedent", "density": "balanced", "nDataPoints": 0, "notes": "Includes footnotes referencing Council Mandate and European Parliament Proposal.", "elementsJson": [ "headline_text", "callout_box", "data_table", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b99-781d6376c0a8/55", "deckHref": "/decks/019dd923-622c-750b-8b99-781d6376c0a8", "deckJsonHref": "/decks/019dd923-622c-750b-8b99-781d6376c0a8.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-781d6376c0a8#slide-55", "components": [ { "bbox": null, "kind": "callout", "text": "Spruce Point is not only concerned with MSCI's potential conflicts of interest, but it seems as though new regulations may increase competition in the European Union ESG rating universe.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-1ac4-74a6-be23-e754bf6a3868", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.96, "x": 0.02, "y": 0.17 }, "kind": "paragraph", "text": "Spruce Point is not only concerned with MSCI's potential conflicts of interest, but it seems as though new regulations may increase competition in the European Union ESG rating universe.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "59c2af67-358f-4b48-a3c7-8e8cbb76cc89", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "\"It is necessary to have a number of measures supporting smaller ESG rating providers to enable them to continue their activities, or to enter the market after the date of application of this Regulation.\" — Council Mandate. \"Competition among ESG rating providers and an environment in which small ESG rating providers can enter the market are key, as concentration among providers can result in higher prices, barriers to entry, lower competition, reduced innovation, less geographical diversity in providers and poor coverage of smaller issuers.\" — European Parliament Proposal.", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-1ac4-74a6-be23-ea870ea57ede", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.33, "x": 0.01, "y": 0.96 }, "kind": "source-note", "text": "1) Council Mandate 2) European Parliament Proposal", "attrs": { "numbered": true }, "subkind": null, "toolName": null, 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