CESR has on 2007-05-29 released feedback statements on: Best Execution, Transaction Reporting, Inducements and Passporting.
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CESR releases statements on Best Execution, Transaction Reporting, Inducements and Passporting
Published by May 29th, 2007 in www.nordicsecurities.org, EU and CESR. 0 CommentsFrance has transposed MiFID by legislation and FSA (FR) regulations
Published by May 29th, 2007 in www.nordicsecurities.org, Other countries and France (FR). 0 CommentsOn 2007-05-21 FSA (FR) announced by a press release their completed transposition of MiFID into national law and regulations by the FSA (FR), apart from minor changes in two specific banking regulations: one about safeguarding clients’ assets and the other on compliance and outsourcing; these new texts are expected soon).
FSA (SE) consults on new proposed regulations on MiFID L1 and L2
Published by May 29th, 2007 in www.nordicsecurities.org, Sweden and FSA (SE). 0 CommentsFSA (SE) published on 2007-05-14 new proposed regulations on MiFID L1 and L2,the implementing directive only. Responses to the consultation are due on 2007-06-08.
EC sends ESC a working document on home/host supervision of branches
Published by May 29th, 2007 in www.nordicsecurities.org, EU and EC. 0 CommentsEC sent on 2007-05-14 to ESC a working document ESC/21/2007 REV1 on supervision of branches under MiFID. The most controversial issue is which competent authority should supervise when a branch office is serving a client from a third country i.e. not from the home nor in the host country.
CESR consults on Non-equity Transparency
Published by May 10th, 2007 in www.nordicsecurities.org, EU and CESR. 0 Comments2007-05-10. CESR issued a call for evidence on 2007-02-06 asking for views on the Commission’s questions with responses due on 2007-03-06. CESR has aimed to include the key points from the responses in this consultation paper (CP). By this paper CESR sets out its views on the questions posed in order to improve its understanding on some points […]
Ministry of Finance (SE) publishes governmental bill on MiFID
Published by April 27th, 2007 in www.nordicsecurities.org, Sweden and Finance Ministry (SE). 0 CommentsMinistry of Finance (SE) published on 2007-04-27 a governmental bill on MiFID. The Parliament will vote on the bill as indicated on 2007-06-14.
CESR 2nd Consultation on Inducements under MiFID
Published by April 16th, 2007 in www.nordicsecurities.org, EU and CESR. 0 CommentsCESR on 2007-04-13 issued a second consultation paper on inducements. Unfortunately, it seems as if the principal comments made jointly by responses from the industry has not been accepted to any greater extent. Responses to this second consultation are due 2007-04-27. CESR will be hosting a second public hearing in Paris on 2007-04-24.
The Ministry of Finance (SE) has submitted draft legislation on MiFID to the law committee
Published by April 16th, 2007 in www.nordicsecurities.org, Sweden, Finance Ministry (SE) and Nordic Countries in common. 0 CommentsThe Ministry of Finance (SE) submitted on 2007-03-06 draft legislation on MiFID to the law committee. The document exceeds 1000 pages. The Swedish Parliament is supposed to vote on the bill on 14th June and the FSA (SE) will issue its regulations on MiFID by August 2007.
FSA (DK) issues regulation of investor protection, order handling and disclosure
Published by March 28th, 2007 in www.nordicsecurities.org, Denmark, FSA (DK) and Nordic Countries in common. 0 CommentsFSA (DK) has in March 2007 issued regulations regarding investor protection, order handling and disclosure obligations for issuers.
FSA (UK) publishes Perimeter Guidance relating to MiFID
Published by March 23rd, 2007 in www.nordicsecurities.org, United Kingdom (UK) and FSA (UK). 0 CommentsFSA published on 2007-03-23 Perimeter Guidance relating to MiFID - PS07/5. The guidance will help firms judge whether they fall within the scope of MiFID and should reduce firms’ costs by cutting down on the need for them to obtain legal advice on scope issues. PS07/5 complements FSA’s work in individually assisting firms in understanding their […]
Ministry of Finance (NO) has submitted a bill on MiFID
Published by March 23rd, 2007 in www.nordicsecurities.org, Norway, Finance Ministry (NO) and Nordic Countries in common. 0 CommentsMinistry of Finance (NO) (Finansdepartementet) has on 2007-03-23 submitted a bill on MiFID and on stock exchange operations , ref. Ot. prp. nr. 34 (2006-2007).
Joint industry response on CESR’s consultation on MiFID Best Execution
Published by March 23rd, 2007 in www.nordicsecurities.org, Sweden, Denmark, Norway, Finland, Iceland, DSDA (DK), SSDA (SE), FASD (FI), BSDA (IS), United Kingdom (UK), NSDA (NO), Nordic Countries in common, LIBA, Germany, CESR, bwf and MiFID Connect. 0 CommentsA joint industry response was submitted on 2007-03-16 on CESR’s consultation on MiFID Best Execution.
EC responds to CESR on the scope of MiFID provisions on Best Execution
Published by March 23rd, 2007 in www.nordicsecurities.org, EU, CESR and EC. 0 CommentsThe European Commission responded to ESC on 2007-02-14 to CESR’s request to get guidance on the scope of MiFID provisions on Best Execution.
Joint UK industry response on Conduct of Business Regulation and Financial Promotion
Published by March 23rd, 2007 in www.nordicsecurities.org, United Kingdom (UK), FSA (UK), LIBA and MiFID Connect. 0 CommentsA joint UK industry response was submitted on 2007-02-23 to the FSA on CP 06/19 and CP06/20 regarding reforming Conduct of Business Regulation .
Joint industry response on CESR’s consultation on Transaction Reporting
Published by March 23rd, 2007 in www.nordicsecurities.org, Sweden, Denmark, Norway, Finland, Iceland, Other countries, DSDA (DK), SSDA (SE), FASD (FI), BSDA (IS), United Kingdom (UK), NSDA (NO), Nordic Countries in common, EU, LIBA, Germany, BDB and CESR. 0 CommentsA joint industry response was submitted on 2007-03-02 to CESR’s proposal on Transaction Reporting. CESR’s consultation paper is found on www.cesr.eu under consultations.
Joint responses on CESR’s consultations on Inducements and Home/host surveillance
Published by March 23rd, 2007 in www.nordicsecurities.org, Sweden, Denmark, Norway, Finland, Iceland, DSDA (DK), SSDA (SE), FASD (FI), BSDA (IS), United Kingdom (UK), NSDA (NO), Nordic Countries in common, LIBA, Germany, CESR and bwf. 0 CommentsTwo joint industry responses were submitted 2007-02-09 to CESR on Inducements and on Pass porting and Home/host country surveillance. CESR’s documents are to be found on www.cesr.eu consultations.
EC launches public MiFID website for frequently asked questions and answers
Published by February 15th, 2007 in www.nordicsecurities.org, FAQ, EU and EC. 0 CommentsOn this website stakeholders, including firms, trade associations and investors, can ask questions relating to the recently-finalised Markets in Financial Instruments Directive (2004/39/EC) (MiFID) and its implementing measures (Directive 2006/73/EC and Regulation 1287/2006). MiFID and its implementing measures together establish a comprehensive legislative framework at European level relating to the establishment and conduct of investment […]
Joint response to CESR’s consultation on Inducements and Passport under MiFID
Published by February 12th, 2007 in www.nordicsecurities.org, Sweden, Denmark, Norway, Finland, Iceland, DSDA (DK), SSDA (SE), FASD (FI), United Kingdom (UK), NSDA (NO), LIBA, Germany and bwf. 0 CommentsA joint industry response was sent on 2007-02-09 to CESR on its consultation on Inducements and Passport under MiFID.
CESR on Market Data Consolidation and Record Keeping
Published by February 12th, 2007 in www.nordicsecurities.org, EU and CESR. 0 Comments2007-02-09. CESR publishes its first set of CESR Level 3 Guidelines and Recommendations on the smooth application of MiFID - Market Data Consolidation and Record Keeping. These publications puts in place CESR’s first pieces of definitive Level 3 work, aimed at ensuring supervisory convergence among Members in the day to day implementation of Directive 2004/39/CE […]
Timetable for MiFID transposition into law in France, Germany, Italy, Sweden and the UK
Published by February 8th, 2007 in www.nordicsecurities.org, Sweden, Other countries, United Kingdom (UK), France (FR) and Germany. 0 CommentsTrade Associations in France, Germany, Italy, Sweden and the UK has collated a possible timetable for MiFID transposition into national legislation in their countries.
