SECTION 7 Description of issue and review procedures and methodologies
Article 19 Credit rating presentation requirements
A credit rating agency shall provide FCA with information regarding the following items:
- (a)
policies and procedures with respect to the credit rating disclosure requirements laid down in the following provisions of Regulation (EC) No 1060/2009:
- (i)
paragraphs 1, 2 and 5 of Article 10;
- (ii)
Part I of Section D of Annex 1;
- (i)
- (b)
where the credit rating agency rates structured instruments, policies and procedures with respect to the following provisions of Regulation (EC) No 1060/2009:
- (i)
Article 10(3);
- (ii)
point 4 of Section B of Annex I;
- (iii)
Part II of Section D of Annex I;
- (i)
- (c)
samples of typical credit rating reports or other documents demonstrating how the credit rating agency meets or intends to meet these disclosure requirements; and
- (d)
samples of typical rating letters for each class of credit rating produced by the credit rating agency.