2006-12-22. CESR publishes a consultation on Inducements under MiFID. Article 19(1) of the Level 1 Markets in Financial Instruments Directive 2004/39/EC (”MiFID”) provides that when providing investment services and/or, where appropriate, ancillary services to clients an investment firm must act honestly, fairly and professionally in accordance with the best interests of its clients. Article 26 of […]
Archive for December, 2006
CESR Consultation on Inducements under MiFID
Published by December 22nd, 2006 in www.nordicsecurities.org, EU and CESR. 0 CommentsSSDA publishes proposed guidance on client classfication
Published by December 22nd, 2006 in www.nordicsecurities.org, Sweden and SSDA (SE). 0 CommentsSSDA publishes a proposal how to classify clients according to obligations imposed on investment firms by MiFID. Comments, that may be delivered directly by clicking “Comments” under the headline, are welcomed by end of January 2007 at the latest.
CESR consults on home and host issues regarding notification procedures
Published by December 20th, 2006 in www.nordicsecurities.org, EU and CESR. 0 Comments2006-12-18 CESR’s consultation paper presents proposals and questions for a common approach on the notification procedures set out in Articles 31 and 32 of MiFID and on the future collaboration between the home and host authorities that will be necessary in order to guarantee efficient and consistent supervision of cross-border activities, taking into account the provisions […]
FSA (SE) publishes proposed regulations on MiFID L1 and L2
Published by December 17th, 2006 in www.nordicsecurities.org, Sweden and FSA (SE). 0 CommentsFSA (SE) published on 2006-12-15 proposed regulations on MiFID L1 and L2 for consultations. Responses are due to be sent at the late4st the 26th January 2007 to Finansinspektionen, Box 670, 113 85 STOCKHOLM or via e-mail finansinspektionen@fi.se .
CESR launches a consultation on reference data standard codes in transaction reporting
Published by December 17th, 2006 in www.nordicsecurities.org, EU and CESR. 0 CommentsCESR launches a consultation on the use of reference data standard codes in transaction reporting, and announces and Open Hearing on 8 January 2007
15 Dec. 2006 - From 1 November 2007 investment firms will report the transactions that they have executed to their local Competent Authority in accordance with Article 25 in the MiFID Directive. […]
SSDA publishes new version of “A short summary of MiFID”
Published by December 13th, 2006 in www.nordicsecurities.org, Sweden and SSDA (SE). 0 CommentsSSDA has published an up-dated short summary of MiFID with some suggestions to member firms regarding important measures when implementing the directive and related national legislation and regulation.
EC issues call for evidence on Commodity and exotic derivatives and related business
Published by December 11th, 2006 in www.nordicsecurities.org, EU and EC. 0 CommentsThe Commission issued on 2006-12-08 call for evidence on Commodity and exotic derivatives and related business. Responses are due on 2007-04-30.
Joint industry response to CESR consultation on L3 work on minimum list of records
Published by December 11th, 2006 in www.nordicsecurities.org, Sweden, Denmark, Norway, Finland, Iceland, DSDA (DK), SSDA (SE), FASD (FI), BSDA (IS), United Kingdom (UK), NSDA (NO), EU, LIBA, Germany, BDB and CESR. 0 CommentsLIBA and joint associations, including the Nordic associations, have responded on 2006-11-27 to the CESR MiFID L3 consultation on the list of minimum records in Article 51(3) of the MiFID implementing Directive.
DSDA responds to FSA (DK) on transaction reporting and market transparency
Published by December 4th, 2006 in www.nordicsecurities.org, Denmark and DSDA (DK). 0 CommentsDSDA and Finansrådet responded on 2006-12-01 to FSA(DK), Finanstillsynet, on its consultation paper about transaction reporting, pre-trade by Systematic Internalisers (SI) and post trade reporting obligations.
