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Commission Delegated Regulation (EU) No 449/2012 SECTION 2 — Ownership structure

Article 8–Article 9 · 2 articles

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Owners and parent undertaking of a credit rating agency

Article 8

1.   A credit rating agency shall provide ESMA with: (a) a list of each person who directly or indirectly holds 5 % or more of the credit rating agency’s capital or of voting rights or whose holding makes it possible to exercise a significant influence over the management of the credit rating agency; (b) the information set out in points 1 and 2 of Annex III in relation to each such person. 2.   A credit rating agency shall also provide the following information to ESMA: (a) a list of any undertakings in which a person referred to in paragraph 1 holds 5 % or more of the capital or voting rights or over whose management that person exercises a significant influence; (b) an identification of their business activity referred to in point 3 of Annex III. 3.   Where a credit rating agency has a parent undertaking, it shall: (a) identify the country where the parent undertaking is established; (b) indicate whether the parent undertaking is authorised or registered and subject to supervision.

Ownership chart

Article 9

A credit rating agency shall provide ESMA with a chart showing the ownership links between any parent undertaking, subsidiaries and any other associated entities established in the Union and their branches. The undertakings shown in the chart shall be identified by their full name, legal status and address of the registered office and head office.

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