1. A shareholder or a member of a credit rating agency holding at least 5 % of either the capital or the voting rights in that credit rating agency or in a company which has the power to exercise control or a dominant influence over that credit rating agency, shall be prohibited from:
(a) holding 5 % or more of the capital of any other credit rating agency;
(b) having the right or the power to exercise 5 % or more of the voting rights in any other credit rating agency;
(c) having the right or the power to appoint or remove members of the administrative or supervisory board of any other credit rating agency;
(d) being a member of the administrative or supervisory board of any other credit rating agency;
(e) exercising or having the power to exercise control or a dominant influence over any other credit rating agency.
The prohibition referred to in point (a) of the first subparagraph does not apply to holdings in diversified collective investment schemes, including managed funds such as
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