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)