Article 1 | Delegated Regulation 447/2012

Updated 22/10/2024

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Article 1 - Subject matter

Article 1

Subject matter

This Regulation lays down the rules to be used in the assessment of compliance of credit rating methodologies with the requirements set out in Article 8(3) of Regulation (EC) No 1060/2009.

Recitals Article 1 - Subject matter Article 2 - Demonstration of compliance Article 3 - Assessment of compliance by ESMA Article 4 - Assessing that a credit rating methodology is rigorous Article 5 - Assessing that a credit rating methodology is systematic Article 6 - Assessing that a credit rating methodology is continuous Article 7 - Assessing that a credit rating methodology is subject to validation based on historical experience including back testing GL Article 8 - Exemption GL Article 9 - Entry into force

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