Regulation 2 InterpretationI1

In these Regulations—

• “Article 35a” means Article 35a of the EC Regulation^f1;

• “credit rating” has the meaning given by Article 3(1)(a) of the EC Regulation;

• “credit rating agency” has the meaning given by Article 3(1)(b) of the EC Regulation;

• “the EC Regulation” means Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies^f2;

• “an infringement” means an infringement listed in Annex III to the EC Regulation;

• “an investor” has the same meaning as in Article 35a;

• “an issuer” has the meaning given by Article 3(1)(s) of the EC Regulation^f3;

• “rating category” has the meaning given by Article 3(1)(h) of the EC Regulation;

• “related third party” has the meaning given by Article 3(1)(i) of the EC Regulation;

• “senior management” has the meaning given by article 3(1)(n) of the EC Regulation.