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Version status: In force | Document consolidation status: Assimilated law updated to reflect all known changes
Version date: 31 December 2020 - onwards
Version 2 of 2

Article 8 Reporting for the purpose of publication on the public rating database

To be revoked by virtue of Sch. 1 Pt 3 to the Financial Services and Markets Act 2023 (c. 29) (FSMA 2023), Sch. 1 Pt 3 not yet fully commenced.

1. Credit rating agencies shall report data on all credit ratings or rating outlooks pursuant to Article 11a(1) of Regulation (EC) No 1060/2009 each time it issues or endorses a credit rating or a rating outlook that is not exclusively disclosed to investors for a fee.

2. Credit ratings and rating outlooks referred to in paragraph 1, issued between 20:00:00 Central European Time (CET) [CET takes account of the change to Central European Summer Time.] on one day and 19:59:59 CET on the following day shall be reported until 21:59:59 CET on the following day.

3. For each credit rating or rating outlook reported in accordance with paragraph 1, the accompanying press release referred to in point 5 of Part I of Section D of Annex I to Regulation (EC) No 1060/2009 shall be reported at the same time. Where that press release is firstly issued and submitted in a language other than English, an English version may also be submitted where and at the time that it becomes available.

4. For the ratings referred to in points (a), (b) and (c) of Article 6(1), the accompanying research report referred to in point 1 of Part III of Section D of Annex I to Regulation (EC) No 1060/2009 shall be reported. Where that research report is firstly issued and submitted in a language other than English, an English version may also be submitted where and at the time that it becomes available.