The appeal is referring to the appellant's 2015 Covered Bond Methodology, applied in the context of unsolicited ratings issued by the Appellant in 2015, and the Appellant's subsequent amendment of this methodology in 2016.
In 2020, Scope Ratings GmbH challenged the Decision of the ESMA Board of Supervisors of 28 May 2020, and published on ESMA's website on 4 June 2020, which:
- found that Scope Ratings infringed points 43 of Section I, 3a and 3b of Section II and 4a of Section III of Annex III of the CRA Regulation,
- adopted a supervisory measure in the form of a public notice pursuant to Article 24 of the CRA Regulation
- imposed on Scope Ratings a fine pursuant to Article 36a of the CRA Regulation.