Article 18 Monitoring of credit ratings

A credit rating agency shall provide the FCA with information regarding its policies and procedures concerning:

  1. (a)

    the monitoring of ratings, identifying any differences between solicited and unsolicited ratings, and including at least the information set out in point 4 of Annex VII;

  2. (b)

    the disclosure of the decision to review or change a rating;

  3. (c)

    the monitoring of the impact of changes in macroeconomic or financial market conditions on credit ratings as described in Article 8(5) of Regulation (EC) No 1060/2009.