Annex I
Annex I to Regulation (EC) No 1060/2009 is amended as follows:
(1) Section B is amended as follows:
(a) point 1 is replaced by the following:
‘1. A credit rating agency shall identify, eliminate, or manage and disclose, clearly and prominently, any actual or potential conflicts of interest that may influence the analyses and judgments of its rating analysts, employees, or any other natural person whose services are placed at the disposal or under the control of the credit rating agency and who are directly involved in credit rating activities and persons approving credit ratings and rating outlooks.’;
(b) point 3 is amended as follows:
(i) in the first subparagraph, the introductory part is replaced by the following:
‘3. A credit rating agency shall not issue a credit rating or a rating outlook in any of the following circumstances, or shall, in the case of an existing credit rating or rating outlook, immediately disclose where the credit rating or rating outlook is potentially affected by the following:’;