On June 22, the European Committee of European Securities Regulators (CESR) published a questionnaire on the rating of structured finance instruments as part of CESR's review of the extent that credit ratings agencies are applying the International Organization of Securities Commissions (IOSCO) Code of Conduct Fundamentals for Credit Rating Agencies. CESR has previously advised the European Commission not to formally regulate credit rating agencies.

The deadline for comments is July 31.