in force 2011-07-21
02009R1060-20110601 → 02009R1060-20110721
Amended by Directive 2011/61/EU 32011L0061
Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010 Text with EEA relevance
detected 2026-08-13
2 provisions touched — 1 substantive, 0 date-only, 1 with no text, 2 disputed (1 found in the text, 1 named with no text, 0 called different kinds) · 1 change without an explanation
Emendrix checks every change against three independent sources. Where they disagree it says so rather than picking a winner.
MODIFIED +168 −9 Art. 4 Use of credit ratings§
applies from: unknown (the text changed beyond its dates, so no date that moved can be read as the application date)
dates added to the text: 2011-06-08
Sources disagree about what is listed, not about the text — the text comparison and the amending act's instructions found this change; the EU's own amendment metadata does not list it. All are shown; none is overruled.
The list of entities in paragraph 1 now specifies that alternative investment funds are those as defined in Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers, with a citation to its Official Journal publication, whereas the earlier text referred to alternative investment funds without such a defining reference.
The phrase describing the scope of the First Council Directive 73/239/EEC was also reworded from referring to the 'taking-up' of the business of direct insurance to the 'take-up' of that business.
Cited: Art. 4, v1 · Art. 4, v2
text before / after
02009R1060-20110601 → 02009R1060-20110721
Article 4
Use of credit ratings
1.
Credit institutions as defined in Directive 2006/48/EC, investment firms as defined in Directive 2004/39/EC, insurance undertakings subject to the First Council Directive 73/239/EEC of 24 July 1973 on the coordination of laws, regulations and administrative provisions relating to the taking-up take-up and pursuit of the business of direct insurance other than life assurance
OJ L 228, 16.8.1973, p. 3., assurance undertakings as defined in Directive 2002/83/EC of the European Parliament and of the Council of 5 November 2002 concerning life assurance
OJ L 345, 19.12.2002, p. 1., reinsurance undertakings as defined in Directive 2005/68/EC of the European Parliament and of the Council of 16 November 2005 on reinsurance
OJ L 323, 9.12.2005, p. 1., UCITS as defined in Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS)
OJ L 302, 17.11.2009, p. 32., institutions for occupational retirement provision as defined in Directive 2003/41/EC and alternative investment funds as defined in Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers
OJ L 174, 1.7.2011, p. 1. may use credit ratings for regulatory purposes only if they are issued by credit rating agencies established in the Union and registered in accordance with this Regulation.
Where a prospectus published under Directive 2003/71/EC and Regulation (EC) No 809/2004 contains a … 647 unchanged words … to in Article 5(7) are operational, the credit rating agency endorsing credit ratings issued in that third country shall no longer be required to verify or demonstrate that the condition laid down in paragraph 3(g) of this Article is fulfilled.
1 provision named with no text to show
Each row carries the provision and the source that named it, and opens in place from the § link at its end. None was dropped and every one still counts in the disputed total above.
MODIFIED ±0 Art. 4.1 named by the EU's own amendment metadata§
applies from: unknown
Sources disagree, and there is no text on either side — the EU's own amendment metadata found this change; the text comparison finds no difference in the provision's text and the amending act's instructions do not mention it. All are shown; none is overruled.
No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships marked disputed.
text before / after
No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.
The full entry, with the citation mapping v1 = 02009R1060-20110601, v2 = 02009R1060-20110721, is committed at eu/32009R1060/CHANGELOG.md.