The Consultation Paper present ESMA's interpretation of Article 4.3 of the Regulation, providing some reasons in support of the interpretation that third country regulation has to contain enforceable rules that are “as stringent as” the one in the EU regulation.
ESMA invites comments received 31 March 2011, and all contributions should be submitted online at www.esma.europa.eu under the heading "Consultations".
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ESMA Launches A Consultation On The Guidelines On The Application Of The Endorsement Regime Under Article 4 (3) Of The Credit Rating Regulation 1060/2009
Date 18/03/2011
