(2)On 5 October 2012, the Commission adopted Implementing Decision 2012/627/EU 2 , observing these three conditions are fulfilled and considering the Australian legal supervisory framework for CRAs as equivalent to the requirements of Regulation (EC) No 1060/2009 in force at that time.
Recital 2
- 2 Commission Implementing Decision 2012/627/EU of 5 October 2012 on the recognition of the legal and supervisory framework of Australia as equivalent to the requirements of Regulation (EC) No 1060/2009 of the European Parliament and of the Council on credit rating agencies ( OJ L 274, 9.10.2012, p. 30 ). ↩