RegAlert2010-12-02 | CBFA_2010_24Added
Communication CBFA_2010_24/ Recognition of External Credit Assessment Institutions (ECAIs)
The CBFA withdraws the recognition of Rating and Investment Information Inc. (R&I) as an eligible External Credit Assessment Institution (ECAI) with effect from 7 December 2010. This decision follows R&I's choice not to pursue the alternative certification procedure for third-country agencies under European regulation. Credit institutions and investment firms are instructed to seek alternative credit ratings for regulatory purposes and to inform the CBFA of the procedures and timelines adopted.
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rue du Congrès 12-14 | 1000 Bruxelles t +32 2 220 53 42| f +32 2 220 54 93 | www.cbfa.be Communication CBFA_2010_24 of 2 December 2010 Recognition of External Credit Assessment Institutions (ECAIs) Scope:
Credit institutions and investment firms.
Summary/Objectives:
Pursuant to the provisions of Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies, the CBFA has decided to withdraw the ECAI recognition of Rating and Investment Information Inc. with effect from 7 December 2010.
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Lineage: In force
Source: National Bank of Belgium — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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