Article 4 | Delegated Regulation 449/2012 | judict

Updated 22/10/2024

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CRAR Tool Delegated Regulation 449/2012

Article 4

Article 4 - Number of employees

Article 4

Number of employees

Any information regarding the number of employees shall be provided on a full time equivalent basis calculated as the total hours worked divided by the maximum number of hours subject to compensation within a working year as defined by the relevant national law.

Table of contents

CHAPTER 1 - SUBJECT MATTER (Article 1)

CHAPTER 2 - REGISTRATION (Article 2-25)

SECTION 1 - General (Article 2-7)Article 2 - Format of the application Article 3 - Attestation of the accuracy and completeness of the application Article 4 - Number of employees Article 5 - Class of credit ratings Article 6 - Policies and procedures Article 7 - Identification, legal status and class of credit ratings

SECTION 2 - Ownership structure (Article 8-9)

SECTION 3 - Organisational structure and corporate governance (Article 10-12)

SECTION 4 - Financial resources for the performance of credit rating activities (Article 13)

SECTION 5 - Staffing and compensation (Article 14-15)

SECTION 6 - Issuance and review of credit ratings (Article 16-18)

SECTION 7 - Description of issue and review procedures and methodologies (Article 19)

SECTION 8 - Conflicts of interest (Article 20-22)

SECTION 9 - Programme of operations (Article 23)

SECTION 10 - Use of endorsement (Article 24)

SECTION 11 - Outsourcing (Article 25)

CHAPTER 3 - CERTIFICATION (Article 26-28)

CHAPTER 4 - FINAL PROVISIONS (Article 29)

ANNEX I ANNEX II ANNEX III ANNEX IV ANNEX V ANNEX VI ANNEX VII ANNEX VIII ANNEX IX ANNEX X ANNEX XI ANNEX XII