EU Regulation Affecting Investors in Credit Rating Agencies
European Union Regulation 1060/2009 (as amended) applies to credit rating agencies (CRAs) registered in the European Union (“EU”) and therefore to the activities of S&P Global Ratings Europe Limited, an indirect wholly-owned subsidiary of S&P Global Inc., which is registered and regulated as a CRA with the European Securities and Markets Authority.
The United Kingdom’s Credit Rating Agencies (Amendment etc.) (EU Exit) Regulations 2019 applies to CRAs registered in the United Kingdom (“UK”) and therefore to the activities of S&P Global Ratings UK Limited, an indirect wholly-owned subsidiary of S&P Global Inc., which is registered and regulated as a CRA with the Financial Conduct Authority.
Any person obtaining direct or indirect ownership or control of 5% or more or 10% or more of the shares in S&P Global Inc. may (i) impact how S&P Global Ratings can conduct its CRA activities in the EU and the UK, and/or (ii) themselves become directly impacted by EU Regulation 1060/2009 (as amended) and the Credit Rating Agencies (Amendment etc.) (EU Exit) Regulations 2019.
Persons who have or expect to obtain such shareholdings in S&P Global Inc. should promptly contact S&P Global’s Investor Relations department (firstname.lastname@example.org) for more information and should also obtain independent legal advice in such respect.
S&P Global expressly disclaims any obligation to revise or update this document to reflect current business activities and/or market conditions.
In 2020, S&P Global entered into a definitive merger agreement with IHS Markit, a world leader in critical information, analytics, and solutions for the major industries and markets that drive economies worldwide. The merger successfully closed on February 28, 2022; therefore, this Investor Fact Book does not include any information on IHS Markit’s financial results or products and services. The Company will provide a combined view in future editions of the Investor Fact Book.
Unless otherwise noted, all information herein is representative of S&P Global as of December 31, 2021.
Please refer to all source material cited herein for more information, including information relating to disclaimers and intellectual property rights associated with such material.