in force 2011-06-01 MODIFIED+20 −41§
Amended by Regulation (EU) No 513/2011 32011R0513
applies from: unchanged
The provision now refers to ESMA as the body whose ability to supervise compliance must not be materially impaired, replacing the earlier reference to competent authorities.
Cited: Art. 9, v1 · Art. 9, v2
text before / after
02009R1060-20091207 → 02009R1060-20110601
Article 9
Outsourcing
Outsourcing of important operational functions shall not be undertaken in such a way as to impair materially the quality of the credit rating agency’s agency's internal control and the ability of the competent authorities ESMA to supervise the credit rating agency’s agency's compliance with obligations under this Regulation.