ESMA News

ESMA WITHDRAWS THE REGISTRATIONS OF FITCH ENTITIES FOLLOWING MERGERS WITH FITCH RATINGS IRELAND

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today withdrawn the credit rating agency (CRA) registrations of Fitch France, Fitch Polska, Fitch Italia and Fitch Ratings España following the merger with Fitch Ratings Ireland.

The withdrawal decisions follow the official notifications to ESMA by Fitch on 3 June 2020 and on 30 November 2020 of its intention to renounce the specific registrations under the conditions set out in Article 20(1)(a) of the CRA Regulation (CRAR).

Fitch Ratings Ireland will remain the sole EU CRA entity of Fitch Ratings registered with ESMA. Fitch Ratings Ireland became a registered CRA following its merger with Fitch Deutschland on 30 May 2020.

Original Article Here

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