+CHAPTER II Supervision by ESMA
---+Article 21 ESMA
------+Article 21 1.
------+Article 21 2.
------+Article 21 3.
------+Article 21 4.
------+Article 21 4a.
------+Article 21 4b.
------+Article 21 5.
------+Article 21 6.
------+Article 21 7.
---+Article 22 Competent authorities
------+Article 22 1.
------+Article 22 2.
---+Article 22a Examination of compliance with methodology requirements
------+Article 22a 1.
------+Article 22a 2.
---+Article 23 Non-interference with content of ratings or methodologies
---+Article 23a Exercise of the powers referred to in Articles 23b to 23d
---+Article 23b Requests for information
------+Article 23b 1.
------+Article 23b 2.
------+Article 23b 3.
------+Article 23b 4.
------+Article 23b 5.
---+Article 23c General investigations
------+Article 23c 1.
------+Article 23c 2.
------+Article 23c 3.
------+Article 23c 4.
------+Article 23c 5.
------+Article 23c 6.
---+Article 23d On-site inspections
------+Article 23d 1.
------+Article 23d 2.
------+Article 23d 3.
------+Article 23d 4.
------+Article 23d 5.
------+Article 23d 6.
------+Article 23d 7.
------+Article 23d 8.
------+Article 23d 9.
---+Article 23e Procedural rules for taking supervisory measures and imposing fines
------+Article 23e 1.
------+Article 23e 2.
------+Article 23e 3.
------+Article 23e 4.
------+Article 23e 5.
------+Article 23e 6.
------+Article 23e 7.
------+Article 23e 8.
---+Article 24 Supervisory measures by ESMA
------+Article 24 1.
------+Article 24 2.
------+Article 24 3.
------+Article 24 4.
------+Article 24 5.
---+Article 25 Hearing of the persons concerned
------+Article 25 1.
------+Article 25 2.
---+Article 25a Sectoral competent authorities responsible for the supervision and enforcement of Article 4(1) and Articles 5a,►M5—————◄8c and 8d

CHAPTER II Supervision by ESMA

CHAPTER II Supervision by ESMA

1. Overview

,
Article 21 ESMA
Article 22 Competent authorities
Article 22a Examination of compliance with methodology requirements
Article 23 Non-interference with content of ratings or methodologies

Article 23

Non-interference with content of ratings or methodologies

In carrying out their duties under this Regulation, ESMA, the Commission or any public authorities of a Member State shall not interfere with the content of credit ratings or methodologies.
Article 23a Exercise of the powers referred to in Articles 23b to 23d

Article 23a

Exercise of the powers referred to in Articles 23b to 23d

The powers conferred on ESMA or any official of or other person authorised by ESMA by Articles 23b to 23d shall not be used to require the disclosure of information or documents which are subject to legal privilege.
Article 23b Requests for information
Article 23c General investigations
Article 23d On-site inspections
Article 23e Procedural rules for taking supervisory measures and imposing fines
Article 24 Supervisory measures by ESMA
Article 25 Hearing of the persons concerned
Article 25a Sectoral competent authorities responsible for the supervision and enforcement of Article 4(1) and Articles 5a,►M5—————◄8c and 8d

Article 25a

Sectoral competent authorities responsible for the supervision and enforcement of Article 4(1) and Articles 5a, ►M5  ————— ◄ 8c and 8d

The sectoral competent authorities shall be responsible for the supervision and enforcement of Article 4(1) and Articles 5a, ►M5  ————— ◄ 8c and 8d in accordance with the relevant sectoral legislation.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards