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)

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• Include organisational details in credit rating agency registration application

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• Separate rating and ancillary service revenues in revenue projections

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• Document rating methodology development, validation, and review processes

s.art002

Format of the application

• Submit your CRA registration application in a durable format with clear document references

s.art003

Attestation of the accuracy and completeness of the application

• Include signed attestation of accuracy with ESMA registration submissions

s.art007

Identification, legal status and class of credit ratings

• Provide registration and status documents to ESMA

s.art008

Owners and parent undertaking of a credit rating agency

• Tell ESMA about majority owners and parent companies

s.art009

Ownership chart

• Provide ESMA with an ownership chart of your corporate group

s.art010

Organisational chart

• Provide ESMA with an organisational chart showing your structure

s.art011

Organisational structure

• Provide ESMA with information on compliance and review policies and procedures

s.art012

Corporate governance

• Provide ESMA with corporate governance information

s.art013

Financial reports

• Provide ESMA with financial reports and accounting procedures

s.art014

Staffing policies and procedures

• Provide ESMA with information on staffing policies and procedures

s.art015

Fitness and appropriateness

• Provide CVs, criminal records and good-repute declarations for key personnel to ESMA

s.art016

Development, validation, review and disclosure of rating methodologies

• Provide ESMA with descriptions and methodology policies for credit ratings

s.art017

Issuance of credit ratings

• Provide ESMA with detailed information on credit rating processes

s.art018

Monitoring of credit ratings

• Provide ESMA with information on rating monitoring policies and procedures

s.art019

Credit rating presentation requirements

• Provide ESMA with disclosure policies, procedures and sample reports

s.art020

Independence and avoidance of conflicts of interest

• Provide ESMA with information on conflicts of interest policies and independence safeguards

s.art021

Inventory of conflicts of interest

• Provide ESMA with an up-to-date inventory of conflicts of interest

s.art022

Conflicts of interest with respect to ancillary services

• Tell ESMA about shared resources and conflicts with your rating and ancillary services

s.art023

Information regarding the programme of operations

• Provide ESMA with an annual three-year operations programme

s.art024

Expected use of endorsement

• Provide information to ESMA when endorsing third-country credit ratings

s.art025

Outsourcing requirements

• Provide ESMA with outsourcing information when contracting out important functions

s.art026

Information for application for certification

• Provide required information to ESMA when applying for certification

s.art027

General requirements for the application for certification

• Ensure your application for certification complies with format and content requirements

s.art028

Systemic importance

• Provide systemic importance information on credit ratings to ESMA