emendrixAccount

Version · Credit Rating Agencies Regulation

Version in force

Made by Regulation (EU) No 462/2013 32013R0462 on EUR-Lex (external, EUR-Lex)

Regulation (EU) No 462/2013 of the European Parliament and of the Council of 21 May 2013 amending Regulation (EC) No 1060/2009 on credit rating agencies Text with EEA relevance

Version 6 of 9 recorded for Credit Rating Agencies Regulation.

In force , . First seen by emendrix on , when it first read this version; that is not a legal date.

3 changes in this version

  • 1 substantive
  • 2 without text
  • 3 where sources differ
  • 1 not in every list
  • 2 no text found
  • 2 without an explanation

What these mean

Consolidated versions 02009R1060-20140523 → 02009R1060-20150621. v1 is the previous version, v2 this one.

Everything Regulation (EU) No 462/2013 changed

What changed

Art. 11a European rating platform, Inserted

+735 −0 characters · Applies from: not readable (an inserted provision states its own application date only in prose) why

Not in every listWhat this means

Found in the text, but not every source lists it — the text comparison and the amending act's instructions found this change; the EU's own amendment metadata does not list it. The source that does not name it is the EU's own amendment metadata. All are shown; none is overruled.

Explanation, written by a model and checked against the cited text

A new Article 11a is added, requiring a registered or certified credit rating agency to submit rating information, including the credit rating and rating outlook, type of credit rating, type of rating action, and the date and hour of publication, to ESMA when it issues a credit rating or rating outlook.

It also directs ESMA to publish the submitted individual credit ratings on a website called the European rating platform, into which the central repository referred to in Article 11(2) is to be incorporated, and it states that the Article does not apply to credit ratings or rating outlooks produced exclusively for and disclosed to investors for a fee.

Cited: Art. 11a, v2 (external, EUR-Lex)

v1 is the previous version, v2 this one.

Text from EUR-Lex

Inserted in this version 02009R1060-20150621

Article 11a
European rating platform
1. A registered or certified credit rating agency shall, when issuing a credit rating or a rating outlook, submit to ESMA rating information, including the credit rating and rating outlook of the rated instrument, information on the type of credit rating, the type of rating action, and date and hour of publication.
2. ESMA shall publish the individual credit ratings submitted to it pursuant to paragraph 1 on a website (European rating platform).
The central repository referred to in Article 11(2) shall be incorporated in the European rating platform.
3. This Article shall not apply to credit ratings or rating outlooks which are exclusively produced for and disclosed to investors for a fee.

2 provisions 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 where sources differ above.

Art. 6, Modified named by the EU's own amendment metadata and the amending act's instructions

Applies from: not readable why

No text foundWhat this means

A source lists it, but there is no text to show — the EU's own amendment metadata and the amending act's instructions found this change; the text comparison finds no difference in the provision's text. Two sources name it, and neither carries any text. All are shown; none is overruled.

No explanation shipped — the text comparison did not see this change, so it carries no text; another source named the provision, and it is listed where sources differ.

Text from EUR-Lex: none to show

No text on either side: this unit was named by a signal that carries no text, and only the structural diff carries any.

Art. 11, Modified named by the EU's own amendment metadata and the amending act's instructions

Applies from: not readable why

No text foundWhat this means

A source lists it, but there is no text to show — the EU's own amendment metadata and the amending act's instructions found this change; the text comparison finds no difference in the provision's text. Two sources name it, and neither carries any text. All are shown; none is overruled.

No explanation shipped — the text comparison did not see this change, so it carries no text; another source named the provision, and it is listed where sources differ.

Text from EUR-Lex: none to show

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 is committed at eu/32009R1060/CHANGELOG.md.