Updated 22/10/2024
No longer in force since 31/12/2015

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Article 2 - Reporting principles

Article 2

Reporting principles

1.   A credit rating agency shall submit the following types of report to the central repository established by ESMA:

(a)

qualitative data reports as set out in Article 7 and Article 9; and

(b)

rating data reports as set out in Article 8 and Article 10.

2.   A credit rating agency shall be responsible for the accuracy, completeness and availability of its reported data. It shall ensure that the reports are provided in due time using the reporting channels in Article 11 and according to the reporting procedure in Article 13.

3.   Where a credit rating agency belongs to a group of credit rating agencies the members of the group may mandate one of their members to report the required information on behalf of the group. When the mandated group member reports information on behalf of the group it shall identify both itself and the group members on whose behalf it is reporting the information.