Art. 1
Credit Rating Agencies Regulation · 32009R1060 · every event for this act · on EUR-Lex
Subject matter
3 changes recorded across 3 events, newest first.
in force 2019-01-01 MODIFIED+42 −46§
Amended by Regulation (EU) 2017/2402 32017R2402 · Regulation (EU) No 462/2013 32013R0462
applies from: unchanged
The second paragraph now refers to obligations for issuers and related third parties, replacing the earlier wording of issuers, originators and sponsors.
It also now refers to securitisation instruments instead of structured finance instruments.
Cited: Art. 1, v1 · Art. 1, v2
text before / after
02009R1060-20150621 → 02009R1060-20190101
Article 1
Subject matter
This Regulation introduces a common regulatory approach in order to enhance the integrity, transparency, responsibility, good governance and independence of credit rating activities, contributing to the quality of credit ratings issued in the Union and to the smooth functioning of the internal market, while achieving a high level of consumer and investor protection. It lays down conditions for the issuing of credit ratings and rules on the organisation and conduct of credit rating agencies, including their shareholders and members, to promote credit rating agencies’ independence, the avoidance of conflicts of interest, and the enhancement of consumer and investor protection.
This Regulation also lays down obligations for issuers, originators issuers and sponsors related third parties established in the Union regarding structured finance securitisation instruments.
in force 2015-06-21 MODIFIED§
Amended by Regulation (EU) No 462/2013 32013R0462
applies from: unknown
Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.
No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.
text before / after, on the event page →
in force 2013-06-20 MODIFIED§
Amended by Regulation (EU) No 462/2013 32013R0462
applies from: unchanged
The first sentence now refers to the independence of credit rating activities rather than their reliability, and refers to ratings issued in the Union rather than the Community, while also rephrasing the reference to the internal market and consumer and investor protection.
The second sentence now extends the rules on organisation and conduct to shareholders and members of credit rating agencies, and adds the enhancement of consumer and investor protection as a further aim alongside independence and the avoidance of conflicts of interest.
A new paragraph has been added stating that the Regulation also lays down obligations for issuers, originators and sponsors established in the Union regarding structured finance instruments.
Cited: Art. 1, v1 · Art. 1, v2
text before / after, on the event page →