{
  "url": "https://openlegislation.uk/eu-regulation-2009-1060/annex-I/section-A/division-9",
  "json_url": "https://openlegislation.uk/eu-regulation-2009-1060/annex-I/section-A/division-9.json",
  "legislation": "eur/2009/1060",
  "legislation_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)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2009-1060",
  "path": "annex/I/section/A/division/9",
  "kind": "division",
  "number": "9",
  "heading": null,
  "text": "A credit rating agency shall establish a review function responsible for periodically reviewing its methodologies, models and key rating assumptions, such as mathematical or correlation assumptions, and any significant changes or modifications thereto as well as the appropriateness of those methodologies, models and key rating assumptions where they are used or intended to be used for the assessment of new financial instruments.\nThat review function shall be independent of the business lines which are responsible for credit rating activities and report to the members of the administrative or supervisory board referred to in point 2 of this Section.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2009/1060/annex/I/section/A/division/9",
    "retrieved_at": "2026-11-01T14:51:09.119056+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}