# 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), Division 7

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

A credit rating agency shall arrange for adequate records and, where appropriate, audit trails of its credit rating activities to be kept. Those records shall include:
(a)for each credit rating and rating outlook decision, the identity of the rating analysts participating in the determination of the credit rating or rating outlook, the identity of the persons who have approved the credit rating or rating outlook, information as to whether the credit rating was solicited or unsolicited, and the date on which the credit rating action was taken;
(b)the account records relating to fees received from any rated entity or related third party or any user of ratings;
(c)the account records for each subscriber to the credit ratings or related services;
(d)the records documenting the established procedures and rating methodologies used by the credit rating agency to determine credit ratings and rating outlooks;
(e)the internal records and files, including non-public information and work papers, used to form the basis of any credit rating and rating outlook decision taken;
(f)credit analysis reports, credit assessment reports and private credit rating reports and internal records, including non-public information and work papers, used to form the basis of the opinions expressed in such reports;
(g)records of the procedures and measures implemented by the credit rating agency to comply with this Regulation; and
(h)copies of internal and external communications, including electronic communications, received and sent by the credit rating agency and its employees, that relate to credit rating activities.

---
Source: https://www.legislation.gov.uk/eur/2009/1060/annex/I/section/B/division/7 (the official version)
Page: https://openlegislation.uk/eu-regulation-2009-1060/annex-I/section-B/division-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.