Article 9 | CRAR | Regulation 1060/2009

Article 9 - Outsourcing

Article 9

Outsourcing

Outsourcing of important operational functions shall not be undertaken in such a way as to impair materially the quality of the credit rating agency's internal control and the ability of ESMA to supervise the credit rating agency's compliance with obligations under this Regulation.

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

TITLE II - ISSUING OF CREDIT RATINGS (Article 6-13a)Article 6 - Independence and avoidance of conflicts of interest Q&AGL Article 6a - Conflicts of interest concerning investments in credit rating agencies Q&A Article 6b - Maximum duration of the contractual relationship with a credit rating agency Article 7 - Rating analysts, employees and other persons involved in the issuing of credit ratings Q&AGL Article 8 - Methodologies, models and key rating assumptions RTSQ&AGL Article 8a - Sovereign ratings Q&A Article 8b - Information on structured finance instruments [repealed] RTS Article 8c - Double credit rating of securitisation instruments Article 8d - Use of multiple credit rating agencies GL Article 9 - Outsourcing Q&AGL Article 10 - Disclosure and presentation of credit ratings Q&AGL Article 11 - General and periodic disclosures RTSQ&A Article 11a - European rating platform RTS Article 12 - Transparency report Q&A Article 13 - Public disclosure fees Q&A Article 13a - Accessibility of information on ESAP

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

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

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

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Article 9 - Outsourcing

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