Amendment Of The Regulation Of The Assignment Of Credit Ratings Of Recognised Rating Agencies To Creditworthiness Levels (Mappingv)

Original Language Title: Änderung der Verordnung über die Zuordnung von Ratings anerkannter Rating-Agenturen zu Bonitätsstufen (MappingV)

Read the untranslated law here: https://www.global-regulation.com/law/austria/2997811/nderung-der-verordnung-ber-die-zuordnung-von-ratings-anerkannter-rating-agenturen-zu-bonittsstufen-%2528mappingv%2529.html

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461. Regulation of the financial market authority (FMA), modifies the Ordinance, the assignment of credit ratings of recognised rating agencies to creditworthiness levels (MappingV)

On the basis of § 21B para 6 of the law on banking - Banking Act, Federal Law Gazette No. 532/1993, as last amended by Federal Law Gazette I no. 145/2011, is prescribed:

The regulation of the financial market authority (FMA) on the assignment of ratings of recognised rating agencies to creditworthiness levels - MappingV, Federal Law Gazette II No. 113/2007, as last amended by the regulation Federal Law Gazette II No. 254/2007, is amended as follows:

Article 1 reads:

„§ 1. The mapping of pursuant to § 21B para. 1 BWG recognised rating agencies awarded and in accordance with articles 4 and 5 of Regulation (EC) No 1060/2009 on credit rating agencies, OJ "No. L 302 of 17.11.2009, p. 1-use ratings to creditworthiness levels within the asset classes according to § 22a para 4 and § 22 c para 1 is BWG to make based on the tables in paragraphs 2 to 5."

Ettl Pribil