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Date	Ref.	Title	Section	Type	Download	Info	Summary	Related Documents	Translated versions
20/12/2000	00-138b	A European Passport for Issuers- Report to the European Commission	CESR Archive	Final Report	PDF 355 KB
15/11/2000	Fesco/99-127	1999-2000 Report on the activities of FESCO	CESR Archive	Annual Report	PDF 378.9 KB
25/09/2000	00-064c	The regulation of Alternative Trading Systems in Europe. A paper for the EU Commission	MiFID - Secondary Markets	Final Report	PDF 84.28 KB		Alternative Trading Systems (ATS) offer electronic securities trading facilities outside the traditional trading channels. An expert group chaired by Howard Davies, Chairman of the UK FSA, has studied the impact of such systems in depth. The group has prepared a comprehensive report identifying and assessing the benefits and risks associated with the emergence of ATS and analysing the current regulatory treatment of such systems, within Europe and elsewhere. The report proposes both a short term and a long term option for a harmonised regulatory treatment of such systems in Europe.The paper was submitted to the European Commission as FESCO"s contribution to the preparation of the forthcoming Green Paper on possible amendments to the Investment Services Directive. The Green Paper will shortly be published as a basis for consultation with Member States, the financial services industry and other interested parties. However, the FESCO paper noted that, while the Green Paper on the ISD might be the catalyst for a far-reaching review of the regulatory approach to ATS, it would not provide a short-term solution. Accordingly, FESCO proposed that the short-term solution should take the form of a set of additional regulatory requirements for ATS operating as investment firms.FESCO will be working on proposals for what those additional regulatory requirements might be over the next six months, with a view to producing a consultation paper in the first half of 2001. This consultation paper will provide an opportunity for interested parties to comment in detail on the FESCO proposals. If, however, in the meantime interested parties have any specific comments on the possible additional regulatory requirements identified in paragraph 71 of the September paper, they should make these known to the Secretariat of FESCO via the following e-mail address: fdankers@europefesco.org
25/09/2000	Compilation-offering	Status of implementation of the standards for participants in an offering	CESR Archive	Final Report	PDF 569.8 KB
25/09/2000	00-094b	Press release- FESCO proposes new common regulatory responses for the European Simple Market for Financial Services	CESR Archive	Press Release	PDF 21.63 KB		The members of FESCO have decided to publish two key papers contributing to the EU Action Plan for Financial Services :
01/09/2000	00-099b	Stabilisation and Allotment: «A European Supervisory approach»	CESR Archive	Speech	PDF 68.35 KB		With this paper, FESCO proposes : (1) a harmonised regulatory treatment of stabilisation practices by way of defining a
29/06/2000	00-096l	A European Regime Against Market Abuse	CESR Archive	Final Report	PDF 70.68 KB
10/05/2000	00-055b	Press release- FESCO proposes to create a passport for European issuers	CESR Archive, Press Releases	Press Release	PDF 13.94 KB		In order to facilitate European Companies to make EU-wide based offers or listing in Europe, FESCO proposes to create a passport for European issuers. The paper proposes a cross-border use of the Shelf Registration system in the EU and explores other possibilities to facilitate the mutual recognition of prospectuses. The paper is open for public consultation for a period of 3 months.
10/05/2000	99-098e	FESCO Proposes the creation of a European passport for issuers	CESR Archive	Final Report	PDF 290.32 KB		In order to facilitate European Companies to make EU-wide based offers or listing in Europe, FESCO proposes to create a passport for European issuers. The paper proposes a cross-border use of the Shelf Registration system in the EU and explores other possibilities to facilitate the mutual recognition of prospectuses
15/03/2000	00-FESCO-A	Implementation of Article 11 of the ISD: Categorisation of investors for the purpose of Conduct of Business Rules	CESR Archive	CESR Document	PDF 62.07 KB
15/03/2000	00-040	Press release- FESCO agrees on an European definition of "Professional investors"	CESR Archive, Press Releases	Press Release	PDF 17.44 KB		A common categorisation of investors for the application of Rules on Investor Protection is a major contribution to a common regulation of the European Single Market for financial services.