# 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 4

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

Without prejudice to point 5 of Part I of Section D of Annex I, in accordance with which, when announcing a credit rating, a credit rating agency is to explain in its press releases or reports the key elements underlying the credit rating and although national policies may serve as an element underlying a sovereign rating, policy recommendations, prescriptions or guidelines to rated entities, including States or regional or local authorities of States, shall not be part of sovereign ratings or rating outlooks.

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Source: https://www.legislation.gov.uk/eur/2009/1060/annex/I/section/D/division/III/division/4 (the official version)
Page: https://openlegislation.uk/eu-regulation-2009-1060/annex-I/section-D/division-III/division-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.