Article 22 | CRAR | Regulation 1060/2009 | judict

Updated 22/10/2024

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In force

Version from: 09/01/2024

Amendments (3)

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CRAR Tool Credit Rating Agencies Regulation (CRAR)

Article 22

Article 22 - Competent authorities

Article 22

Competent authorities

1.

By 7 June 2010, each Member State shall designate a competent authority for the purpose of this Regulation.

2.

Competent authorities shall be adequately staffed, with regard to capacity and expertise, in order to be able to apply this Regulation.

Table of contents

TITLE I - SUBJECT MATTER, SCOPE AND DEFINITIONS (Article 1-5c)

TITLE II - ISSUING OF CREDIT RATINGS (Article 6-13a)

TITLE III - SURVEILLANCE OF CREDIT RATING ACTIVITIES (Article 14-35)

CHAPTER I - Registration procedure (Article 14-20)

CHAPTER II - Supervision by ESMA (Article 21-25a)Article 21 - ESMA RTSQ&AGL Article 22 - Competent authorities Article 22a - Examination of compliance with methodology requirements Article 23 - Non-interference with content of ratings or methodologies Article 23a - Exercise of the powers referred to in Articles 23b to 23d Article 23b - Requests for information Article 23c - General investigations DAGL Article 23d - On-site inspections DAGL Article 23e - Procedural rules for taking supervisory measures and imposing fines DA Article 24 - Supervisory measures by ESMA Article 25 - Hearing of the persons concerned Article 25a - Sectoral competent authorities responsible for the supervision and enforcement of Article 4(1) and Articles 5a, 8c and 8d

CHAPTER III - Cooperation between ESMA, competent authorities and sectoral competent authorities (Article 26-33)

CHAPTER IV - Cooperation with third countries (Article 34-35)

TITLE IIIA - CIVIL LIABILITY OF CREDIT RATING AGENCIES (Article 35a)

TITLE IV - PENALTIES, COMMITTEE PROCEDURE, REPORTING AND TRANSITIONAL AND FINAL PROVISIONS (Article 36-41)

ANNEX I RTSQ&A ANNEX II RTSQ&A ANNEX III Q&A ANNEX IV