{
  "url": "https://openlegislation.uk/eu-regulation-2012-449/annex-VII/division-ISSUANCE/division-4",
  "json_url": "https://openlegislation.uk/eu-regulation-2012-449/annex-VII/division-ISSUANCE/division-4.json",
  "legislation": "eur/2012/449",
  "legislation_title": "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)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2012-449",
  "path": "annex/VII/division/ISSUANCE/division/4",
  "kind": "division",
  "number": "4",
  "heading": "The information regarding the policies and procedures referred to in Article 18(a) regarding the monitoring of ratings shall include:",
  "text": "(a) the monitoring process, including the role and responsibilities of rating committees, where applicable, and a description of the rating approval processes;\n(b) the role and responsibilities of rating analysts;\n(c) 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;\n(d) the process, including the overview of the factors considered, and the responsibilities for deciding when a rating should be formally reviewed, including rating actions;\n(e) the process and the responsibilities for deciding when a rating should be formally suspended or withdrawn;\n(f) the processes and controls with respect to credit rating reviews required by paragraphs (a) to (c) of Article 8(6) of Regulation (EC) No 1060/2009;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\n(g) the policies, procedures and controls for the involvement of the issuer or arranger within the process.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2012/449/annex/VII/division/ISSUANCE/division/4",
    "retrieved_at": "2026-11-01T14:49:25.461337+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}