Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies (Text with EEA relevance)
Print Options
PrintThe Whole
Regulation
PrintThe Whole
Title
PrintThis
Article
only
Changes over time for: Article 2
Timeline of Changes
This timeline shows the different versions taken from EUR-Lex before exit day and during the implementation period as well as any subsequent versions created after the implementation period as a result of changes made by UK legislation.
The dates for the EU versions are taken from the document dates on EUR-Lex and may not always coincide with when the changes came into force for the document.
For any versions created after the implementation period as a result of changes made by UK legislation the date will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. For further information see our guide to revised legislation on Understanding Legislation.
Version Superseded: 31/12/2020
Status:
Point in time view as at 01/01/2019. This version of this provision has been superseded.
Status
You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.
Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
Changes to legislation:
Regulation (EC) No 1060/2009 of the European Parliament and of the Council, Article 2 is up to date with all changes known to be in force on or before 13 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
Article 2U.K.Scope
1.This Regulation applies to credit ratings issued by credit rating agencies registered in the [Union] and which are disclosed publicly or distributed by subscription.
2.This Regulation does not apply to:
(a)private credit ratings produced pursuant to an individual order and provided exclusively to the person who placed the order and which are not intended for public disclosure or distribution by subscription;
(b)credit scores, credit scoring systems or similar assessments related to obligations arising from consumer, commercial or industrial relationships;
(c)credit ratings produced by export credit agencies in accordance with point 1.3 of Part 1 of Annex VI to Directive 2006/48/EC; or
(d)credit ratings produced by the central banks and which:
(i)
are not paid for by the rated entity;
(ii)
are not disclosed to the public;
(iii)
are issued in accordance with the principles, standards and procedures which ensure the adequate integrity and independence of credit rating activities as provided for by this Regulation; and
(iv)
do not relate to financial instruments issued by the respective central banks’ Member States.
3.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4.In order to ensure the uniform application of paragraph 2(d), the Commission may, upon submission of a request by a Member State, in accordance with the regulatory procedure referred to in Article 38(3) and in accordance with paragraph 2(d) of this Article, adopt a decision stating that a central bank falls within the scope of that point and that its credit ratings are therefore exempt from the application of this Regulation.
The Commission shall publish on its website the list of central banks falling within the scope of paragraph 2(d) of this Article.
Back to top