# The Credit Rating Agencies (Civil Liability) Regulations 2013, Regulation 5: “Impact”

Extent: E+W+S+N.I.

In Article 35a, an infringement has an impact on a credit rating if it results in a different rating category being assigned to the issuer or the financial instrument of the issuer to which the credit rating relates.

---
Source: https://www.legislation.gov.uk/uksi/2013/1637/regulation/5 (the official version)
Page: https://openlegislation.uk/credit-rating-agencies-civil-liability-regulations-2013/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.