ESMA published a second set of Q&As on the CRA Regulation (CRA 3). It provides clarifications on sovereign ratings and conflict of interests concerning investments in CRAs.
The purpose of this Q&A is to provide clarity on the requirements and practice in the application of the CRA Regulation and in particular, the CRA 3 Regulation (Regulation (EU) No 462/2013 of 21 May 2013). This document is intended to be continually edited and updated as and when new questions are received. In such cases, the date on which each section was last amended is included for ease of reference.
Q&A on the CRA Regulation
Media release
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