Version in force , Modified +24 −27§
Amended by Regulation (EU) No 462/2013 32013R0462 on EUR-Lex (external, EUR-Lex)
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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
The article heading changed from referring to compliance with the back-testing obligation to referring to compliance with methodology requirements.
The body text of paragraphs 1 and 2, including the listed points (a), (b) and (c), remains the same in substance, with only formatting differences in how the paragraph numbers and sub-points are presented.
Cited: Art. 22a, v1 (external, EUR-Lex) · Art. 22a, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 21 July 2011 02009R1060-20110721 → this version, in force 20 June 2013 02009R1060-20130620
Article 22a
Examination of compliance with the back-testing obligation methodology requirements
1.
In the exercise of its ongoing supervision of credit rating agencies registered under this Regulation, ESMA shall examine regularly compliance with Article 8(3).
2.
Without prejudice to Article 23, ESMA shall also in the framework of the examination referred to in paragraph 1:
(a) verify the execution of back-testing by credit rating agencies;
(b) analyse the results of that back-testing; and
(c) verify that the credit rating agencies have processes in place to take into account the results of the back-testing in their rating methodologies.