# 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 2

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

No person referred to in point 1 shall participate in or otherwise influence the determination of a credit rating or rating outlook of any particular rated entity if that person:
(a)owns financial instruments of the rated entity, other than holdings in diversified collective investment schemes;
(b)owns financial instruments of any entity related to a rated entity, the ownership of which may cause or may be generally perceived as causing a conflict of interest, other than holdings in diversified collective investment schemes;
(c)has had a recent employment, business or other relationship with the rated entity that may cause or may be generally perceived as causing a conflict of interest.

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Source: https://www.legislation.gov.uk/eur/2009/1060/annex/I/section/C/division/2 (the official version)
Page: https://openlegislation.uk/eu-regulation-2009-1060/annex-I/section-C/division-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.