1. Without prejudice to Article 25a, ESMA shall ensure that this Regulation is applied.
4a. ESMA shall develop draft regulatory technical standards to specify:
(a) the content and the presentation of the information, including structure, format, method and timing of reporting that credit rating agencies are to disclose to ESMA in accordance with Article 11a(1); and
4b. ESMA shall report on the possibility of establishing one or more mappings of credit ratings submitted in accordance with Article 11a(1) and submit that report to the Commission by 21 June 2015. The report shall, in particular, assess:
(a) the possibility, cost, and benefit of establishing one or more mappings;
(b) how one or more mappings can be created without misrepresenting credit ratings in light of different rating methodologies;
(c) any effects mappings could have on the regulatory technical standards developed to date in relation to Article 21(4a)(a) and (b).
ESMA shall consult EBA and EIOPA in regard to points (a) and (b) of the first subparagraph.
5. ESMA shall publish an annual report on the application of this Regulation. That report shall contain, in particular, an assessment of the implementation of Annex I by the credit rating agencies registered under this Regulation and an assessment of the application of the endorsement mechanism referred to in Article 4(3).
6. ESMA shall present annually to the European Parliament, the Council and the Commission a report on supervisory measures taken and penalties imposed by ESMA under this Regulation, including fines and periodic penalty payments.
7. ESMA shall cooperate with EBA and EIOPA in performing its tasks and shall consult EBA and EIOPA before issuing and updating guidelines and submitting draft regulatory technical standards referred to in paragraphs 2, 3 and 4.