SECTION 7 Description of issue and review procedures and methodologies

Article 19 Credit rating presentation requirements

A credit rating agency shall provide FCA with information regarding the following items:

  1. (a)

    policies and procedures with respect to the credit rating disclosure requirements laid down in the following provisions of Regulation (EC) No 1060/2009:

    1. (i)

      paragraphs 1, 2 and 5 of Article 10;

    2. (ii)

      Part I of Section D of Annex 1;

  2. (b)

    where the credit rating agency rates structured instruments, policies and procedures with respect to the following provisions of Regulation (EC) No 1060/2009:

    1. (i)

      Article 10(3);

    2. (ii)

      point 4 of Section B of Annex I;

    3. (iii)

      Part II of Section D of Annex I;

  3. (c)

    samples of typical credit rating reports or other documents demonstrating how the credit rating agency meets or intends to meet these disclosure requirements; and

  4. (d)

    samples of typical rating letters for each class of credit rating produced by the credit rating agency.