Art. 35a
Credit Rating Agencies Regulation · 32009R1060 · every event for this act · on EUR-Lex
2 changes recorded across 2 events, newest first.
in force 2015-06-21 INSERTED±0§
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
No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.
in force 2013-06-20 INSERTED§
Amended by Regulation (EU) No 462/2013 32013R0462
applies from: unknown (an inserted provision states its own application date only in prose)
Sources disagree — the text comparison and the amending act's instructions found this change; the EU's own amendment metadata does not list it. All are shown; none is overruled.
This article is entirely new text establishing a civil liability regime for credit rating agencies, allowing investors or issuers to claim damages for infringements listed in Annex III that intentionally or with gross negligence had an impact on a credit rating.
It sets out conditions for investors and issuers to establish reliance or coverage, places the burden of presenting accurate and detailed information on the investor or issuer, limits the extent to which civil liability may be restricted in advance, and specifies that undefined terms and unaddressed matters are governed by applicable national law under private international law rules.
The provision also states that it does not exclude further civil liability claims under national law and does not prevent ESMA from exercising its powers under Article 36a.
Cited: Art. 35a, v2
text before / after, on the event page →