1 Amendments of Krišjānis KARIŅŠ related to 2011/0361(COD)
Amendment 343 #
Proposal for a regulation
Article 1 – point 19 – point b
Article 1 – point 19 – point b
Regulation (EC) No 1060/2009
Article 22a – paragraph 3 – subparagraph 1
Article 22a – paragraph 3 – subparagraph 1
3. ESMA shall also verify that any intended changes to rating methodologies notified by a credit rating agency in accordance with Article 8(5a) comply with the criteria laid down in Article 8(3) as specified in the regulatory technical standard referred to in point (d) of Article 21(4). The credit rating agency may only apply the new rating methodology after ESMA has confirmed the methodology's compliance with Article 8(3).