(2)On 28 April 2014, the Commission adopted Implementing Decision 2014/245/EU 2 , observing these three conditions are fulfilled and considering the Brazilian 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 2014/245/EU of 28 April 2014 on the recognition of the legal and supervisory framework of Brazil 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 132, 3.5.2014, p. 65 ). ↩