Article 23 | CRAR | Regulation 1060/2009 | judict

Updated 08/05/2025

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Version from: 17/01/2025

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CRAR Tool Credit Rating Agencies Regulation (CRAR)

Article 23

Article 23 - Regulation 1060/2009 (CRAR)

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.

Table of contents

TITLE I - SUBJECT MATTER, SCOPE AND DEFINITIONS (Article 1-5c)

TITLE II - ISSUING OF CREDIT RATINGS (Article 6-13a)

TITLE III - SURVEILLANCE OF CREDIT RATING ACTIVITIES (Article 14-35)

CHAPTER I - Registration procedure (Article 14-20)

CHAPTER II - Supervision by ESMA (Article 21-25a)Article 21 - ESMA RTSQ&AGL Article 22 - Competent authorities Article 22a - Examination of compliance with methodology requirements 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 23c - General investigations DAGL Article 23d - On-site inspections DAGL Article 23e - Procedural rules for taking supervisory measures and imposing fines DA 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, 8c and 8d

CHAPTER III - Cooperation between ESMA, competent authorities and sectoral competent authorities (Article 26-33)

CHAPTER IV - Cooperation with third countries (Article 34-35)

TITLE IIIA - CIVIL LIABILITY OF CREDIT RATING AGENCIES (Article 35a)

TITLE IV - PENALTIES, COMMITTEE PROCEDURE, REPORTING AND TRANSITIONAL AND FINAL PROVISIONS (Article 36-41)

ANNEX I RTSQ&A ANNEX II RTSQ&A ANNEX III Q&A ANNEX IV