ANNEX V INFORMATION TO BE PRESENTED WITH REGARD TO CORPORATE GOVERNANCE (Article 12)

Identification of the members of the board and other committees as established in Article 12(3):

Identification of the independent members of the board as established in Article 12(3) and justification of their independence if they are independent members and of their in-depth knowledge and experience at a senior level of the market in structured finance instruments, where the credit agency applies to issue credit ratings of structured finance products, according to Section A(2) of Annex I to Regulation (EC) No 1060/2009:

A credit rating agency shall provide to the FCA a copy of the following documents as established in Article 12(4):

1. (a)

   the last three sets of minutes of the meetings of the board;

2. (b)

   the most recent minutes of the meetings of any other committees, such as the remuneration or strategy committees; and

3. (c)

   the last three opinions or reports presented to the board by the independent members.