Commission Delegated Regulation (EU) No 449/2012Show full title

SECTION 7 Description of issue and review procedures and methodologies

Article 19 Credit rating presentation requirements

A credit rating agency shall provide ESMA with information regarding the following items:

(a)

policies and procedures with respect to the credit rating disclosure requirements laid down in the following provisions of Regulation (EC) No 1060/2009:

(i)

paragraphs 1, 2 and 5 of Article 10;

(ii)

Part I of Section D of Annex 1;

(b)

where the credit rating agency rates structured instruments, policies and procedures with respect to the following provisions of Regulation (EC) No 1060/2009:

(i)

Article 10(3);

(ii)

point 4 of Section B of Annex I;

(iii)

Part II of Section D of Annex I;

(c)

samples of typical credit rating reports or other documents demonstrating how the credit rating agency meets or intends to meet these disclosure requirements; and

(d)

samples of typical rating letters for each class of credit rating produced by the credit rating agency.