ESMA has issued a discussion paper with a view to delivering draft RTS on several aspects of the implementation of the recently adopted revised Credit Rating Agencies Regulation (CRA3). These RTS cover:
- content, frequency and template for the disclosure requirements on structured finance instruments;
- the content and format of rating agencies' reports to the European Rating Platform; and
- reporting on fees charged by rating agencies.
ESMA asks for comments by 10 October. (Source: ESMA launches consultation on implementation of new CRA Regulation)