Version in force , Modified +42 −46§
Amended by Regulation (EU) 2017/2402 32017R2402 on EUR-Lex (external, EUR-Lex) · Regulation (EU) No 462/2013 32013R0462 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
The second paragraph now refers to obligations for issuers and related third parties, replacing the earlier wording of issuers, originators and sponsors.
It also now refers to securitisation instruments instead of structured finance instruments.
Cited: Art. 1, v1 (external, EUR-Lex) · Art. 1, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 21 June 2015 02009R1060-20150621 → this version, in force 1 January 2019 02009R1060-20190101
Article 1
Subject matter
This Regulation introduces a common regulatory approach in order to enhance the integrity, transparency, responsibility, good governance and independence of credit rating activities, contributing to the quality of credit ratings issued in the Union and to the smooth functioning of the internal market, while achieving a high level of consumer and investor protection. It lays down conditions for the issuing of credit ratings and rules on the organisation and conduct of credit rating agencies, including their shareholders and members, to promote credit rating agencies’ independence, the avoidance of conflicts of interest, and the enhancement of consumer and investor protection.
This Regulation also lays down obligations for issuers, originators issuers and sponsors related third parties established in the Union regarding structured finance securitisation instruments.