Financial Services And Markets PART 1 General Citation and commencement 1 These Regulations may be cited as the Credit Rating Agencies Regulations 2010 and shall come into force on 7th June 2010. Interpretation 2 1 In these Regulations— “ the Act ” means the Financial Services and Markets Act 2000; ... “ the EC Regulation ” means Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies , as amended by Regulation (EU) No. 513/2011 of the European Parliament and of the Council of 11 May 2011 amending Regulation (EC) No. 1060/2009 on credit rating agencies ; ... “the FCA ” means the Financial Conduct Authority. “ overseas competent authority ” means an authority designated by a Member State other than the United Kingdom in accordance with Article 22(1) of the EC Regulation (competent authorities); “ protected item ” has the same meaning as in section 413 of the Act (protected items). 2 Expressions used in these Regulations which are listed in Article 3 of the EC Regulation (definitions) have the meaning given in that Article. PART 2 The Financial Conduct Authority Designation of competent authority 3 The FCA is the competent authority for the purposes of the EC Regulation. Fees 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Disclosure of confidential information 5 Section 348(1) of the Act (restrictions on disclosure of confidential information by FCA , PRA etc ) does not prevent the FCA from disclosing confidential information where the disclosure is permitted by the EC Regulation. Guidance 6 1 The FCA may give guidance consisting of such information and advice as it considers appropriate with respect to any matter relating to the functions of the FCA under the EC Regulation. 2 The FCA may— a publish its guidance; b offer copies of its published guidance for sale at a reasonable price; c if it gives guidance in response to a request made by any person, make a reasonable charge for that guidance. Miscellaneous 7 The functions of the FCA under the EC Regulation are to be treated for the purposes of Part 1 (general) and paragraphs 16 (status) and 33 (exemption from liability in damages) of Schedule 1ZA to the Act as functions conferred on the FCA under the Act. PART 3 Applications for certification and registration Language for applications 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Approval decisions 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Refusal decisions 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 4 Investigatory Powers Application of this Part 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interpretation of this Part 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Information and documents 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Reports by skilled persons 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Investigations 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Investigators: powers and evidence 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Information and documents: supplemental provisions 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Entry of premises under warrant 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 5 Supervisory measures Appropriate measures 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Injunctions 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 6 Penalties and offences Financial penalties 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Statements of policy 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Publication of penalties 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Offences relating to investigatory powers 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Offence of misleading the Authority 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Offences by bodies corporate etc 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Proceedings for offences 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Unincorporated associations 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 7 Appeals Appeals 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 8 Notices Application of Part 26 of the Act 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 9 Capital Requirements Regulations 2006 Amendments to the Capital Requirements Regulations 2006 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 10 ESMA: investigatory powers Records of telephone and data traffic: Article 23c(1)(e) of the EC Regulation 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inspections: Article 23d of the EC Regulation 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Offences: Article 23d inspections 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bob Blizzard Dave Watts Two of the Lords Commissioners of Her Majesty's Treasury