Division 4 The information regarding the policies and procedures referred to in Article 18(a) regarding the monitoring of ratings shall include:

the monitoring process, including the role and responsibilities of rating committees, where applicable, and a description of the rating approval processes;

the role and responsibilities of rating analysts;

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

the process, including the overview of the factors considered, and the responsibilities for deciding when a rating should be formally reviewed, including rating actions;

the process and the responsibilities for deciding when a rating should be formally suspended or withdrawn;

the processes and controls with respect to credit rating reviews required by paragraphs (a) to (c) of Article 8(6) of Regulation (EC) No 1060/2009; and

the policies, procedures and controls for the involvement of the issuer or arranger within the process.