SECTION 2 Ownership structure

Article 8 Owners and parent undertaking of a credit rating agency

  1. (1)

    A credit rating agency shall provide the FCA with:

    1. (a)

      a list of each person who directly or indirectly holds 5 % or more of the credit rating agency’s capital or of voting rights or whose holding makes it possible to exercise a significant influence over the management of the credit rating agency;

    2. (b)

      the information set out in points 1 and 2 of Annex III in relation to each such person.

  2. (2)

    A credit rating agency shall also provide the following information to the FCA:

    1. (a)

      a list of any undertakings in which a person referred to in paragraph 1 holds 5 % or more of the capital or voting rights or over whose management that person exercises a significant influence;

    2. (b)

      an identification of their business activity referred to in point 3 of Annex III.

  3. (3)

    Where a credit rating agency has a parent undertaking, it shall:

    1. (a)

      identify the country where the parent undertaking is established;

    2. (b)

      indicate whether the parent undertaking is authorised or registered and subject to supervision.