Division 2 The information regarding the policies and procedures referred to in Article 17(1)(c) regarding the issuance of credit ratings shall include:

the sequence of steps followed for the production of ratings; the process for reviewing the documentation of issuers or securities to be rated. This shall include any benchmark used to facilitate the review;

an assessment of the minimum information requirements to initiate and maintain a rating, including both public and non-public information;

the controls mechanisms for the issuance of credit ratings, including the involvement of the issuer/arranger/investor/servicer within this process;

the process for collation, analysis and assessment of the information used to determine a rating, including, where applicable, reliance on analysis by another credit rating agency or other third parties;

the role and responsibilities of rating analysts, as well as the process and procedures for their selection on specific securities;

the rating approval process, including the identification of the role and responsibilities of the persons approving the ratings as well as the process and procedures for their selection;

where a credit rating agency has established rating committees, the role and responsibilities of rating committee chairs, as well as the skills required and the process and procedures for their nomination; and

the minimum qualifications of the persons involved in the rating decision.