Article 3 List of fees charged to each client

Registered credit rating agencies providing credit ratings on an issuer-pays model shall provide to the FCA the fees charged to each client for individual credit ratings and any ancillary services per legal entity as well as aggregated by group of companies.

Registered credit rating agencies providing credit ratings on a subscriber- or investor-pays model shall provide to the FCA, on a per client basis, the total fees charged for such services as well as for the ancillary services provided.

All deviations from pricing policies or pricing procedures, or the non-application of a pricing policy, fee schedule or fee programme, or pricing procedure to a rating shall be recorded by the registered credit rating agencies, with a clear identification of the main explanations for the deviation and the individual rating involved in the format set out in Table 1 of Annex II. This record shall be made promptly available to the FCA upon request.