(22)In order to avoid potential conflicts of interest, credit rating agencies focus in their professional activity on the issuing of credit ratings. A credit rating agency should not be allowed to carry out consultancy or advisory services. In particular, a credit rating agency should not make proposals or recommendations regarding the design of a structured finance instrument. However, credit rating agencies should be able to provide ancillary services where this does not create potential conflicts of interest with the issuing of credit ratings.
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New version applies from 23/05/2014 — introduced by Directive 2014/51/EU.
77 provisions change.
Later versions: 21/06/2015, 01/01/2019, 09/01/2024, 17/01/2025.
Recital 22 changes in this version: compare with the current text.