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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

You are viewing the version of the document as on 2021-01-01.

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.