8. The Authority must verify that the individual credit assessments of each ECAI are recognised in the market as credible and reliable by the users of such credit assessments.
9. The Authority must assess credibility according to factors such as the following—U.K.
(a)market share of the ECAI;
(b)revenues generated by the ECAI;
(c)financial resources of the ECAI;
(d)whether there is any pricing on the basis of the rating;
(e)whether at least two credit institutions use the individual credit assessments of the ECAI for—
(i)bond issuing, or
(ii)assessing credit risks.
10. The Authority must verify that individual credit assessments are—
(a)accessible on equivalent terms to all credit institutions and investment firms having a legitimate interest in those individual credit assessments, and
(b)available to non-domestic parties on equivalent terms as to domestic credit institutions and investment firms having a legitimate interest in those individual credit assessments.