Version in force , Modified +31 −5§
Amended by Regulation (EU) No 513/2011 32011R0513 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
The reference to those covered by Article 4(1) is expanded to include 'other entities' alongside financial institutions.
The cross-reference for what applies if registration is refused changes from Article 24(2) to Article 24(4) and (5).
Cited: Art. 40, v2 (external, EUR-Lex) · Art. 40, v1 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, detected 13 August 2026 02009R1060-20091207 → this version, in force 1 June 2011 02009R1060-20110601
Article 40
Transitional provision
Credit rating agencies operating in the Community before 7 June 2010 (existing credit rating agencies), which intend to apply for registration under this Regulation, shall adopt all necessary measures to comply with its provisions by 7 September 2010.
Credit rating agencies shall submit their application for registration no earlier than 7 June 2010. Existing credit rating agencies shall submit their application for registration by 7 September 2010
Existing credit rating agencies may continue issuing credit ratings which may be used for regulatory purposes by the financial institutions and other entities referred to in Article 4(1) unless registration is refused. Where registration is refused, Article 24(2) 24(4) and (5) shall apply.