Title II ISSUING OF CREDIT RATINGS

United Kingdom

1. 6Independence and avoidance of conflicts of interest
2. 6aConflicts of interest concerning investments in credit rating agencies
3. 6bMaximum duration of the contractual relationship with a credit rating agency
4. 7Rating analysts, employees and other persons involved in the issuing of credit ratings
5. 8Methodologies, models and key rating assumptions
6. 8aSovereign ratings
7. 8bInformation on structured finance instruments
8. 8cDouble credit rating of securitisation instruments
9. 8dUse of multiple credit rating agencies
10. 9Outsourcing
11. 10Disclosure and presentation of credit ratings
12. 11General and periodic disclosures
13. 11aPublic rating database
14. 12Transparency report
15. 13Public disclosure fees