ESMA is consulting on a set of Regulatory Technical Standards (RTS) that CRAs must meet to fulfil the requirements of the CRA Regulation. The standards relate to:
- information a CRA must provide when applying for registration and certification, and to help with assessing the systemic importance to the financial stability or integrity of financial markets;
- presentation of required information, including structure, format, method and period of reporting;
- compliance of CRAs with the requirements on credit rating methodologies; and
- the content and format of ratings data ESMA requests from CRAs as part of their periodic reporting for its ongoing supervision.
ESMA asks for comment by 21 October. (Source: ESMA Consults on CRA Standards)