(4)On 5 October 2012, the Commission adopted Implementing Decision 2012/628/EU 2 , observing these three conditions are fulfilled and considering the US legal and supervisory framework for CRAs as equivalent to the requirements of Regulation (EC) No 1060/2009 in force at that time.
Recital 4
- 2 Commission Implementing Decision 2012/628/EU on the recognition of the legal and supervisory framework of the United States of America 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. 32 ) ↩