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Commission Delegated Regulation (EU) No 449/2012

Preamble
Recitals 14
Chapter 1 - SUBJECT MATTER (Article 1) 1
Chapter 2 - REGISTRATION (Article 2-25) 24
- Section 1 - General (Article 2-7) 6
- Section 2 - Ownership structure (Article 8-9) 2
- Section 3 - Organisational structure and corporate governance (Article 10-12) 3
- Section 4 - Financial resources for the performance of credit rating activities (Article 13) 1
- Section 5 - Staffing and compensation (Article 14-15) 2
- Section 6 - Issuance and review of credit ratings (Article 16-18) 3
- Section 7 - Description of issue and review procedures and methodologies (Article 19) 1
- Section 8 - Conflicts of interest (Article 20-22) 3
- Section 9 - Programme of operations (Article 23) 1
- Section 10 - Use of endorsement (Article 24) 1
  - Article 24 - Expected use of endorsement
- Section 11 - Outsourcing (Article 25) 1
Chapter 3 - CERTIFICATION (Article 26-28) 3
Chapter 4 - FINAL PROVISIONS (Article 29) 1
Annexes 12
- Annex I
- Annex II
- Annex III
- Annex IV
- Annex V
- Annex VI
- Annex VII
- Annex VIII
- Annex IX
- Annex X
- Annex XI
- Annex XII

Article 24 - Expected use of endorsement

Article 24

Expected use of endorsement

Where a credit rating agency intends to endorse credit ratings issued in third countries as set out in Article 4(3) of Regulation (EC) No 1060/2009, it shall provide ESMA with the information set out in Annex XI.

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