In the secondary markets area, MiFID is designed to foster competition among trading venues on the basis of a regulatory level playing field and in an environment of market transparency aimed at supporting market efficiency and investor protection.
One year on, CESR considers it important to conduct an internal evaluation of the workings of the new regulatory framework and its impact on market structure, which also serves as a preparation for the upcoming Commission evaluation of some of the MiFID provisions. Accordingly, CESR will analyse the impact of MiFID on secondary markets functioning.
CESR invites all interested parties to submit their views to this Call for Evidence by 9 January 2009. All contributions can be submitted online via the CESR website in the section Consultations.