Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 ... (32009R1060)
Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies (Text with EEA relevance)
- REGULATION
- (EC) No 1060/2009
- OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
- of 16 September 2009
- on credit rating agencies
- (Text with EEA relevance)
- TITLE I
- SUBJECT MATTER, SCOPE AND DEFINITIONS
- Article 1
- Subject matter
- Article 2
- Scope
- Article 3
- Definitions
- Article 4
- Use of credit ratings
- Article 5
- Equivalence and certification based on equivalence
- TITLE II
- ISSUING OF CREDIT RATINGS
- Article 6
- Independence and avoidance of conflicts of interest
- Article 7
- Rating analysts, employees and other persons involved in the issuing of credit ratings
- Article 8
- Methodologies, models and key rating assumptions
- Article 9
- Outsourcing
- Article 10
- Disclosure and presentation of credit ratings
- Article 11
- General and periodic disclosures
- Article 12
- Transparency report
- Article 13
- Public disclosure fees
- TITLE III
- SURVEILLANCE OF CREDIT RATING ACTIVITIES
- CHAPTER I
- Registration procedure
- Article 14
- Requirement for registration
- Article 15
- Application for registration
- Article 16
- Examination of the application for registration of a credit rating agency by the competent authorities
- Article 17
- Examination of the applications for registration of a group of credit rating agencies by the competent authorities
- Article 18
- Notification of the decision on the registration, refusal of registration or the withdrawal of registration of a credit rating agency
- Article 19
- Registration and supervisory fees
- Article 20
- Withdrawal of registration
- CHAPTER II
- CESR and competent authorities
- Article 21
- Committee of European Securities Regulators
- Article 22
- Competent authorities
- Article 23
- Powers of competent authorities
- Article 24
- Supervisory measures by the competent authorities of the home Member State
- Article 25
- Supervisory measures by competent authorities other than the competent authority of the home Member State
- CHAPTER III
- Cooperation between competent authorities
- Article 26
- Obligation to cooperate
- Article 27
- Exchange of information
- Article 28
- Cooperation in case of a request with regard to on-site inspections or investigations
- Article 29
- Colleges of competent authorities
- Article 30
- Delegation of tasks between competent authorities
- Article 31
- Mediation
- Article 32
- Professional secrecy
- Article 33
- Disclosure of information from another Member State
- CHAPTER IV
- Cooperation with third countries
- Article 34
- Agreement on exchange of information
- Article 35
- Disclosure of information from third countries
- TITLE IV
- PENALTIES, COMMITTEE PROCEDURE, REPORTING AND TRANSITIONAL AND FINAL PROVISIONS
- CHAPTER I
- Penalties, committee procedure and reporting
- Article 36
- Penalties
- Article 37
- Amendments to Annexes
- Article 38
- Committee procedure
- Article 39
- Reports
- CHAPTER II
- Transitional and final provisions
- Article 40
- Transitional provision
- Article 41
- Entry into force
- ANNEX I
- INDEPENDENCE AND AVOIDANCE OF CONFLICTS OF INTEREST
- Section A
- Organisational requirements
- Section B
- Operational requirements
- Section C
- Rules on rating analysts and other persons directly involved in credit rating activities
- Section D
- Rules on the presentation of credit ratings
- I. General obligations
- II. Additional obligations in relation to credit ratings of structured finance instruments
- Section E
- Disclosures
- I. General disclosures
- II. Periodic disclosures
- III. Transparency report
- ANNEX II
- INFORMATION TO BE PROVIDED IN THE APPLICATION FOR REGISTRATION
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