Commission Delegated Regulation (EU) No 449/2012 of 21 March 2012 supplementing R... (32012R0449)
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Commission Delegated Regulation (EU) No 449/2012 of 21 March 2012 supplementing Regulation (EC) No 1060/2009 of the European Parliament and of the Council with regard to regulatory technical standards on information for registration and certification of credit rating agencies Text with EEA relevance
- COMMISSION DELEGATED REGULATION (EU) No 449/2012
- of 21 March 2012
- supplementing Regulation (EC) No 1060/2009 of the European Parliament and of the Council with regard to regulatory technical standards on information for registration and certification of credit rating agencies
- (Text with EEA relevance)
- CHAPTER 1
- SUBJECT MATTER
- Article 1
- Subject matter
- CHAPTER 2
- REGISTRATION
- SECTION 1
- General
- Article 2
- Format of the application
- Article 3
- Attestation of the accuracy and completeness of the application
- Article 4
- Number of employees
- Article 5
- Class of credit ratings
- Article 6
- Policies and procedures
- Article 7
- Identification, legal status and class of credit ratings
- SECTION 2
- Ownership structure
- Article 8
- Owners and parent undertaking of a credit rating agency
- Article 9
- Ownership chart
- SECTION 3
- Organisational structure and corporate governance
- Article 10
- Organisational chart
- Article 11
- Organisational structure
- Article 12
- Corporate governance
- SECTION 4
- Financial resources for the performance of credit rating activities
- Article 13
- Financial reports
- SECTION 5
- Staffing and compensation
- Article 14
- Staffing policies and procedures
- Article 15
- Fitness and appropriateness
- SECTION 6
- Issuance and review of credit ratings
- Article 16
- Development, validation, review and disclosure of rating methodologies
- Article 17
- Issuance of credit ratings
- Article 18
- Monitoring of credit ratings
- SECTION 7
- Description of issue and review procedures and methodologies
- Article 19
- Credit rating presentation requirements
- SECTION 8
- Conflicts of interest
- Article 20
- Independence and avoidance of conflicts of interest
- Article 21
- Inventory of conflicts of interest
- Article 22
- Conflicts of interest with respect to ancillary services
- SECTION 9
- Programme of operations
- Article 23
- Information regarding the programme of operations
- SECTION 10
- Use of endorsement
- Article 24
- Expected use of endorsement
- SECTION 11
- Outsourcing
- Article 25
- Outsourcing requirements
- CHAPTER 3
- CERTIFICATION
- SECTION 1
- Application for certification
- Article 26
- Information for application for certification
- Article 27
- General requirements for the application for certification
- SECTION 2
- Systemic importance
- Article 28
- Systemic importance
- CHAPTER 4
- FINAL PROVISIONS
- Article 29
- Entry into force
- ANNEX I
- DOCUMENT REFERENCES
- (Article 2)
- ANNEX II
- GENERAL INFORMATION
- (Article 7)
- ANNEX III
- INFORMATION TO BE PRESENTED WITH REGARD TO THE OWNERSHIP STRUCTURE
- (Article 8)
- ANNEX IV
- ORGANISATIONAL STRUCTURE
- (Article 11)
- ANNEX V
- INFORMATION TO BE PRESENTED WITH REGARD TO CORPORATE GOVERNANCE
- (Article 12)
- ANNEX VI
- SELF DECLARATION
- (Article 15(2))
- ANNEX VII
- ISSUANCE AND REVIEW OF CREDIT RATINGS
- (Articles 16, 17 and 18)
- ANNEX VIII
- INDEPENDENCE AND AVOIDANCE OF CONFLICTS OF INTEREST
- (Article 20)
- ANNEX IX
- PROGRAMME OF OPERATIONS
- (Article 23)
- Business concept/Business development
- Class of credit ratings
- Financial plan
- Corporate governance
- Outsourcing
- Human Resources/Staffing
- ANNEX X
- RECORD KEEPING, BUSINESS CONTINUITY PLANNING AND INFORMATION SYSTEMS
- (Article 11)
- Record keeping
- Continuity and regularity of the activities
- Information processing systems
- ANNEX XI
- USE OF ENDORSEMENT
- (Article 24)
- Third-country credit rating agency
- Assessment of the third-country regulatory regime
- Procedures to monitor conduct
- Objective reasons
- Legislation in the third country
- ANNEX XII
- SYSTEMIC IMPORTANCE INDICATORS
- (Article 28)
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