Credit Rating Agencies Regulation Art. 11a: every consolidated version and what changed

Version in force 9 January 2024, Modified +537 −0§

Amended by Regulation (EU) 2023/2869 32023R2869 on EUR-Lex (external, EUR-Lex)

Applies from: not readable (the text changed beyond its dates, so no date that moved can be read as the application date) why

dates added to the text: 2023-12-13

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

Paragraph 2 now adds that the European single access point (ESAP) established under Regulation (EU) 2023/2859 may fulfil the functions of the European rating platform, alongside the existing provisions on ESMA publishing individual credit ratings and incorporating the central repository referred to in Article 11(2).

Cited: Art. 11a, v2 (external, EUR-Lex) · Art. 11a, v1 (external, EUR-Lex)

v1 is the previous version, v2 this one.

Text from EUR-Lex, before and after

Previous version, in force 1 January 2019 02009R1060-20190101 → this version, in force 9 January 2024 02009R1060-20240109

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. The European single access point (ESAP) established under Regulation (EU) 2023/2859 of the European Parliament and of the Council Regulation (EU) 2023/2859 of the European Parliament and of the Council of 13 December 2023 establishing a European single access point providing centralised access to publicly available information of relevance to financial services, capital markets and sustainability (OJ L, 2023/2859, 20.12.2023, ELI: http://data.europa.eu/eli/reg/2023/2859/oj). may fulfil the functions of 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.

Version in force 21 June 2015, Inserted§

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

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, on this version's page