The Committee of European Securities Regulators (CESR) has published frequently asked questions on Regulation (EC) No 1060/2009 on Credit Rating Agencies.
The final version of the Regulation was published on 16 September 2009, entered into force on 7 December 2009 and applies by 7 June 2010.
The purpose of the FAQs is to provide clarity to market participants to questions which are commonly posed to CESR members. However, the responses in the FAQs do not contain standards, guidelines or recommendations and therefore no prior consultation process has been followed.
The FAQs cover:
- Corporate governance and compliance.
- Endorsement regime.
- Registration process.
- Structured finance.
- National implementation.
- Employees rules.