Article 6U.K.Policies and procedures
1.Policies and procedures provided in an application shall contain or be accompanied by:
(a)an indication of who is responsible for the approval and maintenance of the policies and procedures;
(b)a description of how compliance with the policies and procedures will be enforced and monitored and who is responsible for this;
(c)a description of the measures undertaken in the event of a breach of the policies;
(d)an indication of the procedure for reporting to ESMA a material breach of the policy or procedure which may result in a breach of the conditions for initial registration or certification.
2.A credit rating agency may fulfil the obligation to provide information regarding its policies and procedures under this Regulation by submitting a copy of the relevant policies and procedures.