What changes on 20/06/2013
The text in force from 21/07/2011 compared with the text from 20/06/2013, which includes the changes made by Regulation (EU) No 462/2013.
11 inserted
99 amended
0 deleted
0 moved
Read the act as of 20/06/2013 · other versions: 01/06/2011 · 21/07/2011 · 23/05/2014 · 21/06/2015 · 01/01/2019 · 09/01/2024 · 17/01/2025
Title I
- inserted Article 5a - Over-reliance on credit ratings by financial institutions
- inserted Article 5b - Reliance on credit ratings by the European Supervisory Authorities and the European Systemic Risk Board
- inserted Article 5c - Over-reliance on credit ratings in Union law
- amended Article 1 - Subject matter
- amended Article 2 - Scope
- amended Article 3 - Definitions
- amended Article 4 - Use of credit ratings
- amended Article 5 - Equivalence and certification based on equivalence
Title II
- inserted Article 6a - Conflicts of interest concerning investments in credit rating agencies
- inserted Article 6b - Maximum duration of the contractual relationship with a credit rating agency
- inserted Article 8a - Sovereign ratings
- inserted Article 8b - Information on structured finance instruments
- inserted Article 8c - Double credit rating of structured finance instruments
- inserted Article 8d - Use of multiple credit rating agencies
- amended Article 6 - Independence and avoidance of conflicts of interest
- amended Article 7 - Rating analysts, employees and other persons involved in the issuing of credit ratings
- amended Article 8 - Methodologies, models and key rating assumptions
- 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 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
Title III › Chapter II
- amended Article 21 - ESMA
- amended Article 25a - Sectoral competent authorities responsible for the supervision and enforcement of Article 4(1) and Articles 5a, 8b, 8c and 8d
Title III › Chapter IV
Title IIIA
- inserted Article 35a - Civil liability
Title IV › Chapter I
- inserted Article 39b - Reporting obligations
- amended Article 36a - Fines
- amended Article 38 - Committee procedure
- amended Article 39 - Reports
- amended Article 39a - ESMA’s staffing and resources
Outside any heading
- 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
- amended Annex II - INFORMATION TO BE PROVIDED IN THE APPLICATION FOR REGISTRATION
- amended Annex III - List of infringements referred to in Article 24(1) and Article 36a(1)
5 provisions renumbered in position only (no text change)
Article 9 · Article 12 · Article 13 · Article 22a · Annex IV