# 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), Article 1: Subject matter

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

This Regulation introduces a ... regulatory approach in order to enhance the integrity, transparency, responsibility, good governance and independence of credit rating activities, contributing to the quality of credit ratings issued in the United Kingdom and to the smooth functioning of the ... market, while achieving a high level of consumer and investor protection. It lays down conditions for the issuing of credit ratings and rules on the organisation and conduct of credit rating agencies, including their shareholders and members, to promote credit rating agencies’ independence, the avoidance of conflicts of interest, and the enhancement of consumer and investor protection.
This Regulation also lays down obligations for issuers and related third parties established in the United Kingdom regarding securitisation instruments.

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Source: https://www.legislation.gov.uk/eur/2009/1060/article/1 (the official version)
Page: https://openlegislation.uk/eu-regulation-2009-1060/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.