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 01/01/2019 — introduced by Regulation (EU) No 462/2013, Securitisation Regulation.
99 provisions change.
Later versions: 09/01/2024, 17/01/2025.
Recital 33 changes in this version: compare with the current text.