Consultation on Guidelines on Internal Controls for CRAs

Consultation on Guidelines on Internal Controls for CRAs

from 05 December 2019 to 16 March 2020


Responding to this paper

ESMA invites comments on all matters in this paper and in particular on the specific questions summarised in Annex III. Comments are most helpful if they: 

·         respond to the question stated; 

·         indicate the specific question to which the comment relates; 

·         contain a clear rationale; and 

·         describe any alternatives ESMA should consider.

ESMA will consider all comments received by 16 March 2020.  

All contributions should be submitted online at under the heading ‘Your input - Consultations’.

Publication of responses 

All contributions received will be published following the close of the consultation, unless you request otherwise. Please clearly and prominently indicate in your submission any part you do not wish to be publicly disclosed. A standard confidentiality statement in an email message will not be treated as a request for non-disclosure. A confidential response may be requested from us in accordance with ESMA’s rules on access to documents. We may consult you if we receive such a request. Any decision we make not to disclose the response is reviewable by ESMA’s Board of Appeal and the European Ombudsman.

The collection of confidential responses is without prejudice to the scope of Regulation (EC) No 1049/20011. Possible requests for access to documents will be dealt in compliance with the requirements and obligations laid down in Regulation (EC) No 1049/2001.

Data protection

Information on data protection can be found at under the heading Data Protection.

Who should read this paper  

This paper may be of interest to users of credit ratings, credit rating agencies and entities interested in applying to be a registered CRA.

Documents available for this Consultation
05/12/2019ESMA33-9-355Guidelines on Internal Controls for CRAs
05/12/2019ESMA33-5-370Response Form CP on GLs on Internal Controls for CRAs

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