material effect on the issuer’s financial position. Disclose such information that the issuer believes is necessary for an understanding of these arrangements and their material impact on the issuer’s

events leading to fluctuations in the investment management business, a significant impact could produce an effect on the overall financial system of the country.SEC therefore needs to revise report

modification taking effect unless doing so would negatively impact the integrity of a credit rating by unduly delaying the taking of a credit rating action. In either case, the CRA should disclose the material

or services between corresponding periods. 3. Describe the impact of inflation, if material. If the currency in which financial statements are presented is of a country that has experienced

efforts by setting numerical targets. • Investors demand low impact investment ESG rating/performance is important for companies to be included in ESG funds and will affect market activity and pricing. This

events in the development of the issuer’s business that could have an impact on its ability to fulfill its obligations on the debt securities or affect its solvency. Include discussion about the nature and

expenditure of governmental sector and consumer of private sector. Those economic conditions influence the previous Quarter / that the Group gained more revenue from product distribution and service business at

efficient allocation of resources. It focuses on the quality and consistency the different elements of regulations that influence corporate governance practices and the division of responsibilities between

the CRA. 3.3 A CRA should disclose a material modification to a credit rating methodology prior to the modification taking effect unless doing so would negatively impact the integrity of a credit rating

CDP is a global environmental impact non-profit working to secure a thriving economy that works for people and planet. 11 ABOUT CDP CDP CAPITAL MARKETS | @CDP CDP runs the global disclosure system that