(55)In order to maintain a high level of investor and consumer confidence and enable the ongoing supervision of credit ratings issued in the Community, credit rating agencies whose headquarters are located outside the Community should be required to set up a subsidiary in the Community in order to allow for the efficient supervision of their activities in the Community and the effective use of the endorsement regime. The emergence of new actors on the credit rating agency market should also be encouraged.
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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 55 changes in this version: compare with the current text.