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Repository of Regulatory Initiatives for Brexit Preparedness

Information for Specific Market Segments - Credit Rating Agencies

European Commission

• Withdrawal of The United Kingdom and EU Rules In the field of credit rating agencies 8 February 2018
  https://www.esma.europa.eu/press-news/esma-news/brexit-esma-withdraws-registrations-six-uk-based-credit-rating-agencies-and

ESMA

• ESMA withdraws the registrations of six UK-based credit rating agencies and four trade repositories 4 January 2021
  https://www.esma.europa.eu/press-news/esma-news/brexit-esma-withdraws-registrations-six-uk-based-credit-rating-agencies-and
• Updated statement to address credit ratings from the United Kingdom 27 October 2020
  https://www.esma.europa.eu/press-news/esma-news/esma-updates-statement-address-credit-ratings-united-kingdom
• Endorsement of credit ratings elaborated in the United Kingdom in the event of a no-deal Brexit 15 March 2019
  https://www.esma.europa.eu/sites/default/files/library/esma33-5-735_public_statement.pdf
• ESMA registers A.M. Best (EU) Rating Services B.V. as credit rating agency 3 December 2018
  https://www.esma.europa.eu/sites/default/files/library/esma71-99-1071_press_release_am_best_cra_registration.pdf
• ESMA asks clients of credit rating agencies and trade repositories to prepare for a no-deal Brexit 9 November 2018
  https://www.esma.europa.eu/sites/default/files/library/esma80-187-149_public_statement_brexit_cras_trs.pdf
• Public statement – contingency plans of credit rating agencies and trade repositories in the context of the United Kingdom withdrawing from the European Union 9 November 2018
  https://www.esma.europa.eu/system/files_force/library/esma80-187-149_public_statement_brexit_cras_trs.pdf?download=1
• ESMA clarifies endorsement regime for non-EU credit ratings 18 July 2018
  https://www.esma.europa.eu/sites/default/files/library/esma33-9-246_final_report_supplementary_guidelines_on_endorsement.pdf

FCA

• HM Treasury equivalence decisions for the EEA States – 9 November 2020
  https://www.gov.uk/government/publications/hm-treasury-equivalence-decisions-for-the-eea-states-9-november-2020
• Advance applications for credit rating agencies and trade repositories
  https://www.fca.org.uk/publication/handbook/cra-registration-direction-advance-application.pdf
• Endorsement of credit ratings from the European Union into the United Kingdom for regulatory use in the event of a no-deal Brexit 15 May 2019
  https://www.fca.org.uk/news/statements/endorsement-eu-credit-ratings-no-deal-brexit
• Brexit – what we expect firms and other regulated persons to do now 01 February UK withdrawal from the EU: Changes to FMI rules and onshored Binding Technical Standards 28 February 2019
  https://www.fca.org.uk/news/statements/brexit-what-we-expect-firms-now
• Registering as a credit rating agency 5 March 2019
  https://www.fca.org.uk/firms/credit-rating-agencies
• Advance applications for credit rating agencies and trade repositories now open 8 January 2019
  https://www.fca.org.uk/news/news-stories/advance-applications-credit-rating-agencies-and-trade-repositories-now-open