Updated 22/10/2024
In force since 19/06/2012

Initial Legal Act
References (2)
02/04/2024
ESMA84-2037069784-2122
Consultation published
30/05/2012
Delegated Regulation 447/2012 published in OJ
22/12/2011
ESMA/2011/462
Final Draft published
19/09/2011
ESMA/2011/303
Consultation published
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CRAR ToolDelegated Regulation 447/2012

Delegated Regulation 447/2012

Commission Delegated Regulation (EU) No 447/2012 of 21 March 2012 supplementing Regulation (EC) No 1060/2009 of the European Parliament and of the Council on credit rating agencies by laying down regulatory technical standards for the assessment of compliance of credit rating methodologies (Text with EEA relevance)

RecitalsArticle 1 - Subject matterArticle 2 - Demonstration of complianceArticle 3 - Assessment of compliance by ESMAArticle 4 - Assessing that a credit rating methodology is rigorousArticle 5 - Assessing that a credit rating methodology is systematicArticle 6 - Assessing that a credit rating methodology is continuousArticle 7 - Assessing that a credit rating methodology is subject to validation based on historical experience including back testing GLArticle 8 - Exemption GLArticle 9 - Entry into force