Art. 6
Credit Rating Agencies Regulation · 32009R1060 · every event for this act · on EUR-Lex
3 changes recorded across 3 events, newest first.
in force 2015-06-21 MODIFIED±0§
Amended by Regulation (EU) No 462/2013 32013R0462
applies from: unknown
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in force 2013-06-20 MODIFIED§
Amended by Regulation (EU) No 462/2013 32013R0462
applies from: unchanged
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.
Paragraph 1 now covers rating outlooks alongside credit ratings, and it adds shareholders to the list of persons whose conflicts of interest must not affect the issuing of a rating or rating outlook.
Paragraph 3 extends the set of exemptible requirements in Section A of Annex I to include point 9 alongside points 2, 5 and 6.
A new paragraph 4 is added requiring credit rating agencies to establish, maintain, enforce and document an internal control structure and standard operating procedures on corporate governance, organisation and conflict-of-interest management, with periodic monitoring and review of those procedures.
Cited: Art. 6, v1 · Art. 6, v2
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in force 2011-06-01 MODIFIED§
Amended by Regulation (EU) No 513/2011 32011R0513
applies from: unchanged
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.
In the first sentence of Article 6(3), the actor empowered to exempt a credit rating agency from certain requirements changes from the competent authority of the home Member State to ESMA.
Correspondingly, the sentence on ensuring that at least one credit rating agency in a group is not exempted now names ESMA as the actor performing that role instead of competent authorities.
Cited: Art. 6, v1 · Art. 6, v2
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