3.ECAIs may be considered eligible for recognition if they meet the criteria articulated in this section. The Central Bank also takes into account the criteria and conditions provided in the IOSCO Code of Conduct Fundamentals for Credit Rating Agencies (IOSCO CRA Code) when determining ECAI eligibility.

4.The Central Bank’s eligibility determination for each ECAI applies only with respect to the types of claims for which the eligibility criteria have been met by that ECAI.