Version in force , Modified +345 −0§
Amended by Regulation (EU) 2024/1623 32024R1623 on EUR-Lex (external, EUR-Lex)
dates added to the text: 2025-07-10, 2026-01-10
Explanation, written by a model and checked against the cited text
A new paragraph 3 has been added requiring ESMA to prepare a report on whether ESG risks are appropriately reflected in ECAI credit risk rating methodologies and to submit that report to the Commission, with the Commission then to submit a legislative proposal to the European Parliament and Council where appropriate.
Paragraphs 1 and 2 remain unchanged between the two versions.
Cited: Art. 135, v2 (external, EUR-Lex) · Art. 135, v1 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 9 January 2024 02013R0575-20240109 → this version, in force 9 July 2024 02013R0575-20240709
Article 135 Use of credit assessments by ECAIs 1. An external credit assessment may be used to determine the risk weight of an exposure under this Chapter only if it has been issued by an ECAI or has been endorsed by an ECAI in accordance with Regulation (EC) No 1060/2009. 2. EBA shall publish the list of ECAIs in accordance with Article 2(4) and Article 18(3) of Regulation (EC) No 1060/2009 on its website.3. By 10 July 2025, ESMA shall prepare a report on whether ESG risks are appropriately reflected in ECAI credit risk rating methodologies and submit that report to the Commission. On the basis of that report, the Commission shall, where appropriate, submit a legislative proposal to the European Parliament and to the Council by 10 January 2026.