CHAPTER 2

REGISTRATION
SECTION 3

Organisational structure and corporate governance

Corporate governance
Article 12
1
A credit rating agency shall provide ESMA with information regarding its internal corporate governance policies and the procedures and terms of reference which govern its senior management, including the administrative or supervisory board, its independent members and, where established, committees.
2
Where a credit rating agency adheres to a recognised corporate governance code of conduct, it shall identify the code and provide an explanation for any situations where it deviates from the code.
3
A credit rating agency shall provide the information set out in points 1 and 2 of Annex V on the members of its administrative or supervisory board.
4
A credit rating agency shall provide ESMA with a copy of the documents referred to in point 3 of Annex V.