{
  "url": "https://openlegislation.uk/eu-regulation-2009-1060",
  "json_url": "https://openlegislation.uk/eu-regulation-2009-1060.json",
  "id": "eur/2009/1060",
  "title": "Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies (Text with EEA relevance)",
  "short_title": "Regulation (EC) No 1060/2009 on credit rating agencies",
  "long_title": "Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies (Text with EEA relevance)",
  "citation": "EU Regulation No 1060/2009",
  "type": "eur",
  "year": "2009",
  "number": "1060",
  "version": "current",
  "date": "2009-09-16",
  "revised": false,
  "valid_from": null,
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 2,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/introduction",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "title/I",
      "kind": "title",
      "number": "I",
      "heading": "SUBJECT MATTER, SCOPE AND DEFINITIONS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Subject matter",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/I"
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Scope",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/I"
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Definitions",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/I"
    },
    {
      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": "Use of credit ratings",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/I"
    },
    {
      "path": "article/5",
      "kind": "article",
      "number": "5",
      "heading": "Equivalence and certification based on equivalence",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/I"
    },
    {
      "path": "article/5a",
      "kind": "article",
      "number": "5a",
      "heading": "Over-reliance on credit ratings by financial institutions",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-5a",
      "extent": "E+W+S+N.I.",
      "status": null,
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    },
    {
      "path": "article/5b",
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      "heading": "Reliance on credit ratings by the European Supervisory Authorities and the European Systemic Risk Board",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-5b",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/I"
    },
    {
      "path": "article/5c",
      "kind": "article",
      "number": "5c",
      "heading": "Over-reliance on credit ratings in Union law",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-5c",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/I"
    },
    {
      "path": "title/II",
      "kind": "title",
      "number": "II",
      "heading": "ISSUING OF CREDIT RATINGS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/6",
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      "heading": "Independence and avoidance of conflicts of interest",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-6",
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      "status": null,
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    {
      "path": "article/6a",
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      "heading": "Conflicts of interest concerning investments in credit rating agencies",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-6a",
      "extent": "E+W+S+N.I.",
      "status": null,
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    },
    {
      "path": "article/6b",
      "kind": "article",
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      "heading": "Maximum duration of the contractual relationship with a credit rating agency",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-6b",
      "extent": "E+W+S+N.I.",
      "status": null,
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    },
    {
      "path": "article/7",
      "kind": "article",
      "number": "7",
      "heading": "Rating analysts, employees and other persons involved in the issuing of credit ratings",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-7",
      "extent": "E+W+S+N.I.",
      "status": null,
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    },
    {
      "path": "article/8",
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      "number": "8",
      "heading": "Methodologies, models and key rating assumptions",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-8",
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      "status": null,
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    },
    {
      "path": "article/8a",
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      "heading": "Sovereign ratings",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-8a",
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      "status": null,
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    {
      "path": "article/8b",
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      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-8b",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/II"
    },
    {
      "path": "article/8c",
      "kind": "article",
      "number": "8c",
      "heading": "Double credit rating of securitisation instruments",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-8c",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II"
    },
    {
      "path": "article/8d",
      "kind": "article",
      "number": "8d",
      "heading": "Use of multiple credit rating agencies",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-8d",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II"
    },
    {
      "path": "article/9",
      "kind": "article",
      "number": "9",
      "heading": "Outsourcing",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-9",
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      "status": null,
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    {
      "path": "article/10",
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      "heading": "Disclosure and presentation of credit ratings",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-10",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II"
    },
    {
      "path": "article/11",
      "kind": "article",
      "number": "11",
      "heading": "General and periodic disclosures",
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      "status": null,
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    },
    {
      "path": "article/11a",
      "kind": "article",
      "number": "11a",
      "heading": "Public rating database",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-11a",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II"
    },
    {
      "path": "article/12",
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      "heading": "Transparency report",
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      "status": null,
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      "path": "article/13",
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      "heading": "Public disclosure fees",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/II"
    },
    {
      "path": "title/III",
      "kind": "title",
      "number": "III",
      "heading": "SURVEILLANCE OF CREDIT RATING ACTIVITIES",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "title/III/chapter/I",
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      "heading": "Registration procedure",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III"
    },
    {
      "path": "article/14",
      "kind": "article",
      "number": "14",
      "heading": "Requirement for registration",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-14",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/I"
    },
    {
      "path": "article/15",
      "kind": "article",
      "number": "15",
      "heading": "Application for registration",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-15",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/I"
    },
    {
      "path": "article/16",
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      "heading": "Examination of the application for registration of a credit rating agency by the FCA",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-16",
      "extent": "E+W+S+N.I.",
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      "parent": "title/III/chapter/I"
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      "path": "article/17",
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      "heading": "Examination of the applications for registration of a group of credit rating agencies by the FCA",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-17",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/I"
    },
    {
      "path": "article/18",
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      "heading": "Notification of decisions",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-18",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/I"
    },
    {
      "path": "article/18A",
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      "number": "18A",
      "heading": "Upper Tribunal",
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      "extent": null,
      "status": null,
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    },
    {
      "path": "article/19",
      "kind": "article",
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      "heading": "Registration and supervisory fees",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-19",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/III/chapter/I"
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    {
      "path": "article/20",
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      "heading": "Withdrawal of registration",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/I"
    },
    {
      "path": "title/III/chapter/II",
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      "heading": "Supervision by the FCA",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III"
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    {
      "path": "article/21",
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      "heading": "The FCA",
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      "status": null,
      "parent": "title/III/chapter/II"
    },
    {
      "path": "article/22",
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      "heading": "Competent authorities",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-22",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/III/chapter/II"
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    {
      "path": "article/22a",
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      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-22a",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/II"
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    {
      "path": "article/23",
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      "heading": "Non-interference with content of ratings or methodologies",
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      "extent": "E+W+S+N.I.",
      "status": null,
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    },
    {
      "path": "article/23a",
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      "heading": "Exercise of the powers referred to in Articles 23b to 23d",
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      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/III/chapter/II"
    },
    {
      "path": "article/23b",
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      "number": "23b",
      "heading": "Requests for information",
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      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/III/chapter/II"
    },
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      "path": "article/23c",
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      "extent": "E+W+S+N.I.",
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      "parent": "title/III/chapter/II"
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      "path": "article/23d",
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      "status": "repealed",
      "parent": "title/III/chapter/II"
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      "path": "article/24",
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      "heading": "Supervisory measures",
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      "status": null,
      "parent": "title/III/chapter/II"
    },
    {
      "path": "article/25",
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      "heading": "Hearing of the persons concerned",
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      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/III/chapter/II"
    },
    {
      "path": "article/25a",
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      "heading": "Sectoral competent authorities responsible for the supervision and enforcement of Article 4(1) and Articles 5a, 8b, 8c and 8d",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-25a",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/III/chapter/II"
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    {
      "path": "title/III/chapter/III",
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      "status": null,
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      "path": "article/27",
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      "path": "article/28",
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      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/III/chapter/III"
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      "path": "article/30",
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      "status": "repealed",
      "parent": "title/III/chapter/III"
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      "path": "article/31",
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      "heading": "Notifications and suspension requests by competent authorities",
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      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/III/chapter/III"
    },
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      "path": "article/32",
      "kind": "article",
      "number": "32",
      "heading": "Professional secrecy",
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      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/III/chapter/III"
    },
    {
      "path": "article/33",
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      "heading": "Disclosure of information from another Member State",
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      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/III/chapter/III"
    },
    {
      "path": "title/III/chapter/IV",
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      "number": "IV",
      "heading": "Cooperation with third countries",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III"
    },
    {
      "path": "article/34",
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      "heading": "Agreement on exchange of information",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/IV"
    },
    {
      "path": "article/35",
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      "number": "35",
      "heading": "Disclosure of information from third countries",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-35",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/III/chapter/IV"
    },
    {
      "path": "title/IIIA",
      "kind": "title",
      "number": "IIIA",
      "heading": "CIVIL LIABILITY OF CREDIT RATING AGENCIES",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/35a",
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      "heading": "Civil liability",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-35a",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/IIIA"
    },
    {
      "path": "title/IV",
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      "heading": "Amendment to Annexes",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "title/IV/chapter/I",
      "kind": "chapter",
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      "heading": "Penalties, fines, periodic penalty payments, committee procedure, delegated powers and reporting",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "title/IV"
    },
    {
      "path": "article/36",
      "kind": "article",
      "number": "36",
      "heading": "Penalties",
      "url": "https://openlegislation.uk/eu-regulation-2009-1060/article-36",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "title/IV/chapter/I"
    },
    {
      "path": "article/36a",
      "kind": "article",
      "number": "36a",
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