I. General disclosures

A credit rating agency shall generally disclose the fact that it is registered in accordance with this Regulation and the following information:

1. any actual and potential conflicts of interest referred to in point 1 of Section B;

2. a list of its ancillary services;

3. the policy of the credit rating agency concerning the publication of credit ratings and other related communications including rating outlooks;

4. the general nature of its compensation arrangements;

5. the methodologies, and descriptions of models and key rating assumptions such as mathematical or correlation assumptions used in its credit rating activities as well as their material changes;

6. any material modification to its systems, resources or procedures; and

7. where relevant, its code of conduct.

II. Periodic disclosures

A credit rating agency shall periodically disclose the following information:

1. every six months, data about the historical default rates of its rating categories, distinguishing between the main geographical areas of the issuers and whether the default rates of these categories have changed over time;