ANNEX I
Annex I to Regulation (EC) No 1060/2009 is amended as follows:
(1) | in point 2 of Section A, the last paragraph is replaced by the following: ‘Opinions of the independent members of administrative or supervisory board issued on the matters referred to in points (a) to (d) shall be presented to the board periodically and shall be made available to ESMA on request.’; |
(2) | in point 8 of Section B, the first paragraph is replaced by the following: Records and audit trails referred to in point 7 shall be kept at the premises of the registered credit rating agency for at least five years and be made available upon request to ESMA.’; |
(3) | in point 2 of Part II of Section E, the first paragraph is replaced by the following: annually, the following information: a list of the largest 20 clients of the credit rating agency by revenue generated from them; a list of those clients of the credit rating agency whose contribution to the growth rate in the generation of revenue of the credit rating agency in the previous financial year exceeded the growth rate in the total revenues of the credit rating agency in that year by a factor of more than 1,5 times. Any such client shall be included on the list only where, in that year, it accounted for more than 0,25 % of the worldwide total revenues of the credit rating agency at global level; and a list of credit ratings issued during the year, indicating the proportion of unsolicited credit ratings among them.’. |