Third country jurisdictions meeting the conditions for endorsement or certification of credit ratings in the UK

Here we list third country jurisdictions meeting the conditions for the endorsement or certification of credit ratings into the UK for regulatory use.

Endorsement

For the countries listed below, we have assessed that the third country legal and supervisory framework meets the conditions for endorsement of credit ratings into the UK.

This list will be updated as necessary.

•    Argentina
•    Australia
•    Brazil
•    Canada
•    The European Union
•    Hong Kong
•    Japan
•    Mexico
•    Singapore
•    South Africa
•    United States of America

UK registered credit rating agencies (CRAs) wishing to endorse ratings issued in these jurisdictions must ensure that the credit rating activities of the third country CRA meet meet all the requirements of Article 4(3) of the Credit Rating Agencies Regulation (CRAR).

Equivalence/Certification

For the countries listed below, the Treasury has decided that the third country regime is equivalent to the UK Regulation for the purposes of certification under the UK CRAR.

This list will be reviewed and updated when the Treasury takes future equivalence decisions.

•    European Union
•    Hong Kong
•    Japan
•    Mexico
•    United States of America

Third country credit rating agencies from these jurisdictions must ensure they meet all the requirements of Article 5(1) of the CRAR.

Page updates

02/03/2021: Information added List of Equivalence/Certification countries