- extended the time during which firms can use non-EU credit ratings until 30 April 2012;
- endorsed the Australian regulatory framework for CRAs;
- indicated it is close to making its decision on whether to endorse the regimes of several other non-EU jurisdictions, including the US; and
- adopted its first four draft regulatory technical standards on CRAs, which deal with requirements for registration, data reporting and rating methodologies.
(Source: ESMA Continues CRA Work)