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+Article 5 1. |
Article 5 1.The credit ratings that are related to entities established or financial instruments issued in third countries and that are issued by a credit rating agency established in a third country may be used in the ►M3 Union ◄ under Article 4(1) without being endorsed in accordance with Article 4(3), provided that:
(a)
the credit rating agency is authorised or registered in and is subject to supervision in that third country;
(b)
the Commission has adopted an equivalence decision in accordance with paragraph 6 of this Article, recognising the legal and supervisory framework of that third country as equivalent to the requirements of this Regulation;
(c)
the cooperation arrangements referred to in paragraph 7 of this Article are operational;
(d)
the credit ratings issued by the credit rating agency and its credit rating activities are not of systemic importance to the financial stability or integrity of the financial markets of one or more Member States; and
(e)
the credit rating agency is certified in accordance with paragraph 2 of this Article. 1. Übersicht
1.1 Referenzen1.2 Identifizierte Anforderungen1.3 Zugehörige Standards2. Identifizierte Anforderungen
3. Zugehörige Standards
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