Publications
BackThe European Commission aims at remedying problem areas relating to the activities of credit rating agencies. The concrete proposal includes the amendment of three EU Directives: Directive 2009/65/EC on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS), Directive 2011/61/EC on Alternative Investment Fund Managers (AIFM) as well as the Regulation 1060/2009/EC on credit rating agencies.
The Austrian Federal Chamber of Labour (BAK) would like to provide you with an initial assessment and positioning concerning the legislative initiatives at issue. However, this shall not preclude the possibility of further more specific and supplementary statements.
