Credit Rating Agencies Regulation

02009R1060-20190101 → 02009R1060-20240109

Article 11a European rating platform 1. A registered or certified credit rating agency shall, when issuing a credit rating or a rating outlook, submit to ESMA rating information, including the credit rating and rating outlook of the rated instrument, information on the type of credit rating, the type of rating action, and date and hour of publication. 2. ESMA shall publish the individual credit ratings submitted to it pursuant to paragraph 1 on a website (European rating platform). The central repository referred to in Article 11(2) shall be incorporated in the European rating platform. The European single access point (ESAP) established under Regulation (EU) 2023/2859 of the European Parliament and of the CouncilRegulation (EU) 2023/2859 of the European Parliament and of the Council of 13 December 2023 establishing a European single access point providing centralised access to publicly available information of relevance to financial services, capital markets and sustainability (OJ L, 2023/2859, 20.12.2023, ELI: http://data.europa.eu/eli/reg/2023/2859/oj). may fulfil the functions of the European rating platform. 3. This Article shall not apply to credit ratings or rating outlooks which are exclusively produced for and disclosed to investors for a fee.

inserted text (02009R1060-20240109)

Article 13a
Accessibility of information on ESAP
1. From 10 January 2028, when making public any information referred to in Article 8(1), Article 8(6) and (7), Article 8a(1) and (3), Article 10(1) and (4), Article 11(1) and Article 12 of this Regulation, credit rating agencies shall submit that information at the same time to the collection body referred to in paragraph 3 of this Article for the purpose of making it accessible on ESAP.
That information shall comply with the following requirements:
(a) be submitted in a data extractable format as defined in Article 2, point (3), of Regulation (EU) 2023/2859 or, where required by Union law, in a machine-readable format as defined in Article 2, point (4), of that Regulation;
(b) be accompanied by the following metadata:
(i) all the names of the credit rating agency to which the information relates;
(ii) the legal entity identifier of the credit rating agency, as specified pursuant to Article 7(4), point (b), of Regulation (EU) 2023/2859;
(iii) the size of the credit rating agency by category, as specified pursuant to Article 7(4), point (d), of that Regulation;
(iv) the type of information, as classified pursuant to Article 7(4), point (c), of that Regulation;
(v) an indication of whether the information contains personal data;
(vi) the country of the registered office of the credit rating agency to which the information relates;
(vii) the industry sector(s) of the economic activities of the credit rating agency to which the information relates, as specified pursuant to Article 7(4), point (e), of that Regulation.
2. For the purposes of paragraph 1, point (b)(ii), credit rating agencies shall obtain a legal entity identifier.
3. For the purpose of making the information referred to in paragraph 1 of this Article accessible on ESAP, the collection body as defined in Article 2, point (2), of Regulation (EU) 2023/2859 shall be ESMA.
4. From 10 January 2028, the information referred to in Article 5(3), Article 8d(2), Article 11(2), Article 11a(1) and (2), Article 18(3), Article 24(5) and Article 36d(1) of this Regulation, shall be made accessible on ESAP. For that purpose, the collection body as defined in Article 2, point (2), of Regulation (EU) 2023/2859 shall be ESMA.
That information shall comply with the following requirements:
(a) be submitted in a data extractable format as defined in Article 2, point (3), of Regulation (EU) 2023/2859;
(b) be accompanied by the following metadata:
(i) all the names of the credit rating agency and of the rated entity to which the information relates;
(ii) where available, the legal entity identifier of the credit rating agency and of the rated entity, as specified pursuant to Article 7(4), point (b), of Regulation (EU) 2023/2859;
(iii) the type of information, as classified pursuant to Article 7(4), point (c), of that Regulation;
(iv) an indication of whether the information contains personal data.
5. For the purpose of ensuring the efficient collection and management of information submitted in accordance with paragraph 1, ESMA shall develop draft implementing technical standards to specify the following:
(a) any other metadata to accompany the information;
(b) the structuring of data in the information;
(c) for which information a machine-readable format is required and, in such cases, which machine-readable format is to be used.
For the purposes of point (c), ESMA shall assess the advantages and disadvantages of different machine-readable formats and conduct appropriate field tests.
ESMA shall submit those draft implementing technical standards to the Commission.
Power is conferred on the Commission to adopt the implementing technical standards referred to in the first subparagraph of this paragraph in accordance with Article 15 of Regulation (EU) No 1095/2010.
6. Where necessary, ESMA shall adopt guidelines to ensure that the metadata submitted in accordance with paragraph 5, first subparagraph, point (a), are correct.