1. The credit rating agency shall have an administrative or supervisory board. Its senior management shall ensure that:
(a) credit rating activities are independent, including from all political and economic influences or constraints;
(b) conflicts of interest are properly identified, managed and disclosed;
(c) the credit rating agency complies with the remaining requirements of this Regulation.
2. A credit rating agency shall be organised in a way that ensures that its business interest does not impair the independence or accuracy of the credit rating activities.
The senior management of a credit rating agency shall be of good repute and sufficiently skilled and experienced, and shall ensure the sound and prudent management of the credit rating agency.
At least one third, but no less than two, of the members of the administrative or supervisory board of a credit rating agency shall be independent members who are not involved in credit rating activities.
The compensation of the indepen
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