ESME, European Securities Markets Expert Group, has on 2007-07-11 published Report on non-equity markets transparency.
Archive for the 'EU' Category
ESME Report on non-equity markets transparency
Published by July 12th, 2007 in www.nordicsecurities.org and EC. 0 CommentsESME Report on durable medium
Published by July 12th, 2007 in www.nordicsecurities.org and EC. 0 CommentsESME, European Securities Markets Expert Group, has on 2007-07-11 published Report on durable medium - Distance Marketing Directive and Markets in Financial Instruments Directive.
CESR published on 2007-07-03 the list of ‘Liquid Shares’ according to the MIFID, as well as all shares listed on EU Regulated Markets
Statement (with enclosure) from the EU Commission on the supervision of branches.
CESR releases statements on Best Execution, Transaction Reporting, Inducements and Passporting
Published by May 29th, 2007 in www.nordicsecurities.org, EU and CESR. 0 CommentsCESR has on 2007-05-29 released feedback statements on: Best Execution, Transaction Reporting, Inducements and Passporting.
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 […]
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.
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 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 […]
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 […]
Joint industry response on CESR’s consultation on MiFID market transparency data
Published by February 8th, 2007 in www.nordicsecurities.org, Sweden, Norway, Finland, SSDA (SE), FASD (FI), BSDA (IS), United Kingdom (UK), NSDA (NO), LIBA and CESR. 0 CommentsA joint industry response was submitted 2006-12-15 to CESR’s consultation on publication and consolidation of MIFID market transparency.
CESR consults on Best Execution and on Transaction Reporting
Published by February 6th, 2007 in www.nordicsecurities.org, EU and CESR. 0 CommentsCESR published on 2007-02-02 consultation papers regarding:
Guidance on supervisory convergence on Best Execution that covers most aspect save the scope of type of market where it is applied on which latter issue the EC is expected to publish its comments by mid February. Submissions to CESR are due 2007-03-16.
Level 3 Guidelines on MiFID Transaction reporting. Submissions to […]
Joint industry response to CESRs paper on transaction reporting data requirements
Published by January 16th, 2007 in www.nordicsecurities.org, Nordic Countries in common, EU and CESR. 0 Comments2007-01-16 A joint industry response, including the Nordic Associations, has been submitted to CESR on use of reference data standard codes in transaction reporting (CP CESR/06-648b). CESRs consultation paper is found under the following link.
CESR Consultation on Inducements under MiFID
Published by December 22nd, 2006 in www.nordicsecurities.org, EU and CESR. 0 Comments2006-12-22. 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 […]
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 […]
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. […]
