Art. 39b
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
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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 new article requires the Commission to submit several reports to the European Parliament and the Council: one by 31 December 2015 on steps taken to delete references to credit ratings that trigger sole or mechanistic reliance and on alternative tools for investors' own credit risk assessment, with a view to removing such references from Union law by 1 January 2020, with ESMA providing technical advice.
It also requires a report by 31 December 2014 on a European creditworthiness assessment for sovereign debt, followed by a further report by 31 December 2016 on the appropriateness and feasibility of a European credit rating agency or foundation, and a separate report by 31 December 2013 on the feasibility of a network of smaller credit rating agencies, which may lead to a re-evaluation of Article 8d.
Cited: Art. 39b, v2
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