Long-lasting relationships with the same rated entities or their related third parties could compromise the independence of rating analysts and persons approving credit ratings. Those analysts and persons should therefore be subject to an appropriate rotation mechanism which should provide for a gradual change in analytical teams and credit rating committees.
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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 33 changes in this version: compare with the current text.