1 Amendments of Othmar KARAS related to 2010/0160(COD)
Amendment 55 #
Proposal for a regulation – amending act
Article 1 – point 1 – point b – point i
Article 1 – point 1 – point b – point i
Regulation (EC) No 1060/2009
Article 4 – paragraph 3 – point b a (new)
Article 4 – paragraph 3 – point b a (new)
(ba) the requirements set out in point (b) are the result of the third country’s regulatory regime or, in the absence of such regulatory requirements, result from the credit rating agency itself applying such requirements to its credit rating activities in that third country. In either event, the endorsing credit rating agency shall remain responsible to the European Supervisory Authority (European Securities and Markets Authority) for its compliance with such requirements, in accordance with paragraph 5;