Directive 2014/51/EU (European Securities and Markets Authority)

In force

This text since 22 May 2014law://eu/dir/2014/51/art_2__pnt_1__pnt_b@2026-11-13

Contents

(b)the following point is added:‘(40)“external credit assessment institution” or “ECAI” means a credit rating agency that is registered or certified in accordance with Regulation (EC) No 1060/2009 of the European Parliament and of the Council^note or a central bank issuing credit ratings which are exempt from the application of that Regulation.

Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.

Key facts

Type: Directive · 2014/51/EU
Adopted: 16 Apr 2014
In force: 23 May 2014
Applies from: 31 Mar 2015
Made by: Council of the European Union, European Parliament
Official: EUR-Lex 32014L0051 · ELI

Topics

consumer information dissemination of information economic consequence EU financial instrument financial control financial institution insurance pension scheme provision of services right of establishment Freedom of establishment

History · 1 version

22 May 2014Reading

Connections

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Amends 2: Regulation (EU) No 1095/20102 provisions; Directive 2009/138/EC2 provisions
Cited by 2: Council Decision (EU) 2018/1867; Commission Delegated Regulation (EU) 2016/467
Cites 1: Regulation (EC) No 1060/2009

Defined terms · 1

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ECAI
means a credit rating agency that is registered or certified in accordance with Regulation (EC) No 1060/2009 of the European Parliament and of the Council or a central bank issuing credit ratings which are exempt from the application of that Regulation.