What changes on 01/06/2011
The text in force from 07/12/2009 compared with the text from 01/06/2011, which includes the changes made by Regulation (EU) No 513/2011.
19 inserted
106 amended
3 deleted
0 moved
Read the act as of 01/06/2011 · other versions: 21/07/2011 · 20/06/2013 · 23/05/2014 · 21/06/2015 · 01/01/2019 · 09/01/2024 · 17/01/2025
Title I
- amended Article 3 - Definitions
- amended Article 4 - Use of credit ratings
- amended Article 5 - Equivalence and certification based on equivalence
Title II
- amended Article 6 - Independence and avoidance of conflicts of interest
- amended Article 9 - Outsourcing
- amended Article 10 - Disclosure and presentation of credit ratings
- amended Article 11 - General and periodic disclosures
Title III › Chapter I
- amended Article 14 - Requirement for registration
- amended Article 15 - Application for registration
- amended Article 16 - Examination of the application for registration of a credit rating agency by ESMA
- amended Article 17 - Examination of the applications for registration of a group of credit rating agencies by ESMA
- amended Article 18 - Notification of a decision to register, refuse or withdraw registration, and publication of the list of registered credit rating agencies
- amended Article 19 - Registration and supervisory fees
- amended Article 20 - Withdrawal of registration
Title III › Chapter II
- inserted Article 22a - Examination of compliance with the back-testing obligation
- inserted Article 23a - Exercise of the powers referred to in Articles 23b to 23d
- inserted Article 23b - Requests for information
- inserted Article 23c - General investigations
- inserted Article 23d - On-site inspections
- inserted Article 23e - Procedural rules for taking supervisory measures and imposing fines
- inserted Article 25a - Sectoral competent authorities responsible for the supervision and enforcement of Article 4(1) (the use of credit ratings)
- amended Article 21 - ESMA
- amended Article 23 - Non-interference with content of ratings or methodologies
- amended Article 24 - Supervisory measures by ESMA
- amended Article 25 - Hearing of the persons concerned
Title III › Chapter III
- amended Article 26 - Obligation to cooperate
- amended Article 27 - Exchange of information
- amended Article 30 - Delegation of tasks by ESMA to competent authorities
- amended Article 31 - Notifications and suspension requests by competent authorities
- amended Article 32 - Professional secrecy
- deleted Article 28 - Cooperation in case of a request with regard to on-site inspections or investigations last in force on the version of 07/12/2009
- deleted Article 29 - Colleges of competent authorities last in force on the version of 07/12/2009
- deleted Article 33 - Disclosure of information from another Member State last in force on the version of 07/12/2009
Title III › Chapter IV
- amended Article 34 - Agreement on exchange of information
- amended Article 35 - Disclosure of information from third countries
Title IV › Chapter I
- inserted Article 36a - Fines
- inserted Article 36b - Periodic penalty payments
- inserted Article 36c - Hearing of the persons subject to the proceedings
- inserted Article 36d - Disclosure, nature, enforcement and allocation of fines and periodic penalty payments
- inserted Article 36e - Review by the Court of Justice of the European Union
- inserted Article 38a - Exercise of the delegation
- inserted Article 38b - Revocation of the delegation
- inserted Article 38c - Objections to delegated acts
- inserted Article 39a - Report by ESMA
- amended Article 36 - Penalties
- amended Article 37 - Amendments to Annexes
- amended Article 38 - Committee procedure
- amended Article 39 - Reports
Title IV › Chapter II
- inserted Article 40a - Transitional measures related to ESMA
- amended Article 40 - Transitional provision
Outside any heading
- inserted Annex III - List of infringements referred to in Article 24(1) and Article 36a(1)
- inserted Annex IV - List of the coefficients linked to aggravating and mitigating factors for the application of Article 36a(3)
- amended Recital 1
- amended Recital 2
- amended Recital 3
- amended Recital 4
- amended Recital 5
- amended Recital 6
- amended Recital 7
- amended Recital 8
- amended Recital 9
- amended Recital 10
- amended Recital 11
- amended Recital 12
- amended Recital 13
- amended Recital 14
- amended Recital 15
- amended Recital 16
- amended Recital 17
- amended Recital 18
- amended Recital 19
- amended Recital 20
- amended Recital 21
- amended Recital 22
- amended Recital 23
- amended Recital 24
- amended Recital 25
- amended Recital 26
- amended Recital 27
- amended Recital 28
- amended Recital 29
- amended Recital 30
- amended Recital 31
- amended Recital 32
- amended Recital 33
- amended Recital 34
- amended Recital 35
- amended Recital 36
- amended Recital 37
- amended Recital 38
- amended Recital 39
- amended Recital 40
- amended Recital 41
- amended Recital 42
- amended Recital 43
- amended Recital 44
- amended Recital 45
- amended Recital 46
- amended Recital 47
- amended Recital 48
- amended Recital 49
- amended Recital 50
- amended Recital 51
- amended Recital 52
- amended Recital 53
- amended Recital 54
- amended Recital 55
- amended Recital 56
- amended Recital 57
- amended Recital 58
- amended Recital 59
- amended Recital 60
- amended Recital 61
- amended Recital 62
- amended Recital 63
- amended Recital 64
- amended Recital 65
- amended Recital 66
- amended Recital 67
- amended Recital 68
- amended Recital 69
- amended Recital 70
- amended Recital 71
- amended Recital 72
- amended Recital 73
- amended Recital 74
- amended Recital 75
- amended Annex I - INDEPENDENCE AND AVOIDANCE OF CONFLICTS OF INTEREST