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

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

(a) the monitoring process, including the role and responsibilities of rating committees, where applicable, and a description of the rating approval processes;
(b) the role and responsibilities of rating analysts;
(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;
(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;
(e) the process and the responsibilities for deciding when a rating should be formally suspended or withdrawn;
(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
(g) the policies, procedures and controls for the involvement of the issuer or arranger within the process.

---
Source: https://www.legislation.gov.uk/eur/2012/449/annex/VII/division/ISSUANCE/division/4 (the official version)
Page: https://openlegislation.uk/eu-regulation-2012-449/annex-VII/division-ISSUANCE/division-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.