/ AGENDA
IOSCO Committee on Credit Rating Agencies
Meeting 23-24 April 2014
Buenos Aires, Argentina
HostedbytheComisión Nacional de Valores

Meeting times:23 April 2014– 9:30 a.m. to 5:30 p.m.

24 April 2014– 9:30 a.m. to 4:30 p.m.

Meeting venue:Hotel Meliã, Reconquista 945, Buenos Aires

Day 1:

Coffee available: 9:00 to 9:30 a.m.

I.Chairman’s opening remarks (9:30 to 9:50 a.m.)

  • Introductions
  • Meeting arrangements
  • Overview of agenda
  • Update on activities since the Jerusalemmeeting
  1. Approval of Minutes of the Committee’s Meeting in Jerusalem (9:50 to 10:00 a.m.)
  1. IOSCO Secretariat Update (10:00 to 10:15 a.m.)

The Secretariat will inform about outcomes of the IOSCO Board Meeting in February in Kuala Lumpur and other issues of interest for the Committee’s work (e.g., work in other Committees)

  1. Legislative and Regulatory Updates (10:15 a.m. to 12:00 p.m.)
  • North America
  • South America
  • Asia,Australia
  • Europe

Lunch: 12:00 to 1:00 p.m.

  1. Roundtable Discussion of Comments to the Code Revision (1:00 to 3:00 p.m.)

Representatives from globally active credit rating agencies that are members of the Credit Ratings Association (part of the Software & Information Industry Association) will participate in a roundtable discussion to present their comments on the IOSCO Consultation Report on the Code of Conduct.

Coffee available: 3:00 to 3:15 p.m.

  1. Code Revision (3:15 to 5:30 p.m.)

Committee members will provide their feedback on the comments that were presented during the roundtable discussion. Members willalso discuss the public comments received on the IOSCO Consultation Report on the Code of Conduct and will determine revisions to be made to the Code in response to the comments.

Day 2:

Coffee available: 9:00 to 9:30 a.m.

  1. Discussion on Emerging Risk within the CRA sphere (9:30 to 10:15 a.m.)

The IOSCO Research Department will present the current status of the Securities Market Risk Outlook 2014/15 and the next steps of the process. Committee Members are invited to have a discussion on this and provide input to the outlook.

  1. Code Revision (10:15 a.m. to 12:00 p.m.)

Committee members willcontinue the discussion regarding the public comments received on the IOSCO Consultation Report and will determine revisions to be made to the Code in response to the comments.

Lunch: 12:00 to 1:00 p.m.

  1. Presentation by Mr. Douglas Elespe of FIX SCR (1:00 to 1:45 p.m.)

Mr. Elespe will give a presentation on behalf of FIX SCR, an affiliate of Fitch Ratings.

  1. Members Only Discussion of Presentation (1:45 to 2:00 p.m.)

Committee members will provide their feedback on the presentation.

Coffee available: 2:00 to 2:15 p.m.

  1. Code Revision (2:15 to 4:00 p.m.)

Committee members willcontinue the discussion regarding the public comments received on the IOSCO Consultation Report and will determine revisions to be made to the Code in response to the comments.

  1. New Mandates (4:00 to 4:20 p.m.)

The Chairman will present ideas for discussion on possible new mandates.Members are also invited to present ideas.

  1. AOB / Next Meetings (4:20 to 4:30 p.m.)

Committee members will discuss and agree uponthe date and location for the next meetings, as well as reviewing any other business that may be raised.

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