# 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), Article 6: Policies and procedures

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

1. Policies and procedures provided in an application shall contain or be accompanied by:
(a) an indication of who is responsible for the approval and maintenance of the policies and procedures;
(b) a description of how compliance with the policies and procedures will be enforced and monitored and who is responsible for this;
(c) a description of the measures undertaken in the event of a breach of the policies;
(d) an indication of the procedure for reporting to ESMA a material breach of the policy or procedure which may result in a breach of the conditions for initial registration or certification.
2. A credit rating agency may fulfil the obligation to provide information regarding its policies and procedures under this Regulation by submitting a copy of the relevant policies and procedures.

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Source: https://www.legislation.gov.uk/eur/2012/449/article/6 (the official version)
Page: https://openlegislation.uk/eu-regulation-2012-449/article-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.