The exacting part of 'Richard III' (4)
I believe the answer is:
hard
'the exacting' is the definition.
(I've seen this in another clue)
'part of richard iii' is the wordplay.
'part of' indicates a hidden word.
'HARD' is hidden within 'richard iii'.
(Other definitions for hard that I've seen before include "impenetrable" , "Solid, firm, rigid" , "Difficult - firm" , "Newspaper's sure" , "Difficult; severe" .)