# Commission Delegated Regulation (EU) No 449/2012 of 21 March 2012 supplementing Regulation (EC) No 1060/2009 of the European Parliament and of the Council with regard to regulatory technical standards on information for registration and certification of credit rating agencies (Text with EEA relevance), Division 3: The information regarding the policies and procedures referred to in Article 17(1)(e) regarding the disclosure of a rating decision shall include the following:

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

(a) the process for notifying the rated entity of the principal grounds on which the rating is based at least 12 hours before publication of the credit rating;
(b) a rating appeal process, if a credit rating agency has implemented it; and
(c) the processes for determining which key elements underlying the credit rating shall be included in the press release or reports.

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Source: https://www.legislation.gov.uk/eur/2012/449/annex/VII/division/ISSUANCE/division/3 (the official version)
Page: https://openlegislation.uk/eu-regulation-2012-449/annex-VII/division-ISSUANCE/division-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.