group of credit rating agencies

Definitions over time (2)

20/06/2013 – today applies on 12/11/2026 Article 3, Regulation (EC) No 1060/2009 Scope: Whole act

For the purpose of this Regulation, the following definitions shall apply:

‘group of credit rating agencies’ means a group of undertakings established in the Union consisting of a parent undertaking and its subsidiaries within the meaning of Articles 1 and 2 of Directive 83/349/EEC as well as undertakings linked to each other by a relationship within the meaning of Article 12(1) of Directive 83/349/EEC and whose occupation includes the issuing of credit ratings. For the purposes of Article 4(3)(a), a group of credit rating agencies shall also include credit rating agencies established in third countries;
07/12/2009 – 20/06/2013 Article 3, Regulation (EC) No 1060/2009 Scope: Whole act

For the purpose of this Regulation, the following definitions shall apply:

‘group of credit rating agencies’ means a group of undertakings established in the Community consisting of a parent undertaking and its subsidiaries within the meaning of Articles 1 and 2 of Directive 83/349/EEC as well as undertakings linked to each other by a relationship within the meaning of Article 12(1) of Directive 83/349/EEC and whose occupation includes the issuing of credit ratings. For the purposes of Article 4(3)(a), a group of credit rating agencies shall also include credit rating agencies established in third countries;