Art. 5b
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.
A new Article 5b sets out that the EBA, EIOPA and ESMA are not to refer to credit ratings in their guidelines, recommendations and draft technical standards where such references could trigger sole or mechanistic reliance on those ratings by competent authorities, sectoral competent authorities, the entities referred to in Article 4(1) first subparagraph, or other financial market participants, and that by 31 December 2013 these three authorities are to review and, where appropriate, remove such references from existing guidelines and recommendations.
The same new article states that the European Systemic Risk Board is not to refer to credit ratings in its warnings and recommendations where such references could trigger sole or mechanistic reliance on credit ratings.
Cited: Art. 5b, v2
text before / after, on the event page →