On 4 December 2019, there was published in the Official Journal of the EU (OJ), Commission Implementing Regulation (EU) 2019/2028 (the Amending Regulation) amending Commission Implementing Regulation (EU) 2016/1799 containing implementing technical standards (ITS) on the mapping of external credit assessment institutions’ (ECAIs) credit assessments under Articles 136(1) and (3) of the Capital Requirements (CRR).

The Amending Regulation updates the mappings of ECAIs to reflect changes to the factors underpinning existing credit assessments and the extension of some ECAIs of their credit assessments to new market segments resulting in new rating scales and new credit rating types. In addition, the Amending Regulation provides a mapping for a credit rating agency that has already been established under the Credit Rating Agencies Regulation.

The Amending Regulation enters into force on the twentieth day following that of its publication in the Official Journal of the EU (24 December 2019).