Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16… · Lexiara

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 · European Union · 32009R1060

312 provisions in 941 nodes · cited by 1 instruments we hold · 5 provisions hand work to national law

Defined terms · All instruments · EU law · European Central Bank · Internet · accounting · branch · civil law · computer science · consumer

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