SPMW's CRA registration withdrawn
The European Securities and Markets Authority (ESMA) has today withdrawn the credit rating agency (CRA) registration of the Polish SPMW Rating Sp z.o.o. (SPMW).
The withdrawal decision follows the official notification to ESMA by SPMW on 30 August 2018 of its intention to renounce its registration under the conditions set out in Article 20(1)(a) of the CRA Regulation. ESMA confirms that SPMW has effectively stopped its rating activities.
Point (a) of Article 20(1) of the CRA Regulation provides that without prejudice to Article 24, ESMA shall withdraw the registration of a credit rating agency where the credit rating agency expressly renounces the registration or has provided no credit ratings for the preceding six months.