| From 06/02/2007 to 06/03/2007 |
Call for evidence - non-equities markets transparency |
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SEE RESPONSES |
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| Summary |
CESR is inviting all interested parties to submit their views regarding transparency on bond markets. CESR would like to point out that, as indicated by the request, the purpose of CESR work is not to duplicate the work of the Commission. Therefore there is no need to re-submit those responses… |
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| From 05/02/2007 to 16/04/2007 |
Clarification of the definitions concerning eligible assets for investment by UCITS: can hedge fund indices be classified as financial indices for the purpose of UCITS? |
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SEE RESPONSES |
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| Summary |
The purpose of this consultation paper is to describe CESR's conclusions on Hedge Fund Indices, and to propose draft measures.
The measures proposed will be adopted by CESR at "Level 3". Level 3 measures concern strengthened co-operation between (national) regulators to ensure consistent… |
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| From 02/02/2007 to 16/03/2007 |
Consultation on Best execution under MIFID |
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SEE RESPONSES |
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| Summary |
Comments are invited on all aspects of this paper but where we anticipate that feedback will be particularly useful, we have directed stakeholders to some issues for particular comment. Given that the issues this paper addresses are likely to attract a broad range of interest, we intend to hold… |
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| From 02/02/2007 to 02/03/2007 |
Consultation on CESR Level 3 Guidelines on MiFID Transaction reporting |
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SEE RESPONSES |
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| Summary |
Article 25 of MiFID establishes a transaction reporting regime where investment firms shall submit reports of executed transaction to their competent authorities regarding financial instruments admitted to trading on regulated markets. The reports can be made either by investment firm itself, a… |
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| From 22/12/2006 to 09/02/2007 |
Consultation on Inducements under MiFID |
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SEE RESPONSES |
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| Summary |
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… |
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| From 15/12/2006 to 15/01/2007 |
Consultation on Use of reference data standard codes in transaction reporting |
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SEE RESPONSES |
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| Summary |
CESR launches a consultation on the use of reference data standard codes in transaction reporting. 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. Competent… |
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| From 15/12/2006 to 09/02/2007 |
Consultation on The Passport under MiFID |
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SEE RESPONSES |
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| Summary |
This 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… |
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| From 13/11/2006 to 29/01/2007 |
Call for evidence on the supervisory functioning of the Prospectus Directive and Regulation |
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SEE RESPONSES |
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| Summary |
Directive 2003/71/EC on the prospectus to be published when securities are offered to the public or
admitted to trading (
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| From 02/11/2006 to 02/02/2007 |
2nd set of Draft Guidance on the Operation of the Market Abuse Directive for public consultation |
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SEE RESPONSES |
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| Summary |
CESR launches a 2nd set of draft guidance for public consultation on the operation of the Market Abuse Directive. Following the first two years of experience gained under the new market abuse regime, CESR is of the view that this is the right time to provide further guidance to market… |
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| From 26/10/2006 to 30/11/2006 |
CESR's Issues Paper - Can hedge fund indices be classified as financial indices for the purpose of UCITS?
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SEE RESPONSES |
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| Summary |
When CESR published its final advice to the European Commission on clarification of the definition concerning eligible assets for investments by UCITS , one matter was left outstanding. This short paper seeks views from market participants on issues related to that matter
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| From 20/10/2006 to 27/11/2006 |
Consultation on The list of minimum records in Article 51(3) of the MiFID implementing Directive |
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SEE RESPONSES |
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| Summary |
MiFID establishes that competent authorities shall draw up and maintain a list of the minimum records investment firms are required to keep. In this regard, CESR is considering, as described in its consultation paper (Ref. CESR/06-552), issuing a recommendation to its members with the content… |
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| From 20/10/2006 to 15/12/2006 |
Consultation on the Publication and Consolidation of MiFID Market Transparency |
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SEE RESPONSES |
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| Summary |
MiFID introduces a harmonised regime for publication of market transparency information, at the same time it opens up the market for more competition in trading.
In order to ensure smooth functioning of the publication of pre and post trade information as well as the consolidation of this… |
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| From 18/07/2006 to 11/09/2006 |
Consultation on CESR Work Programme on MiFID level 3 Work |
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SEE RESPONSES |
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| Summary |
The Markets in Financial Instruments Directive (2004/39/EC)
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| From 06/07/2006 to 15/09/2006 |
Questionnaire on the day-to-day application of the IOSCO code by the Credit Rating Agencies |
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SEE RESPONSES |
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| Summary |
On 30 March 2005, at the request of the European Commission, CESR delivered its advice (CESR/05-139b) regarding the potential options to regulate Credit Rating Agencies. In its advice, CESR proposed not to regulate the Credit Rating Agencies (CRAs) industry at an EU level for the time being, and… |
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| From 19/06/2006 to 31/10/2006 |
Call for evidence - Evaluation of the supervisory functioning of the EU market abuse regime |
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SEE RESPONSES |
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| Summary |
The Market Abuse Directive (2003/6/EC)
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| From 05/05/2006 to 01/06/2006 |
Second consultation regarding CESR's guidelines for supervisors regarding the notification procedure according to Section VIII of UCITS |
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SEE RESPONSES |
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| Summary |
Having listened to the comments from market participants during the first round of consultation and following careful consideration, CESR launches a second consultation on the guidelines for supervisors regarding the notification procedure according to Section VIII of UCITS
An Open… |
| Documents |
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| From 24/03/2006 to 24/04/2006 |
Call for evidence on consolidation of market transparency data |
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SEE RESPONSES |
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| Summary |
Market transparency is a key feature of the MiFID (2004/39/EC). An adequate level of pre- and post-trade information contributes to the effective operation of the market and for investor protection.
There is a clear risk of data fragmentation following the implementation of MiFID, which… |
| Documents |
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| From 31/01/2006 to 31/03/2006 |
Consultation concerning the transparency directive - storage of regulated information and filing of regulated information |
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SEE RESPONSES |
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| Summary |
In July 2005, CESR received from the Commission a mandate for technical advice on implementing measures concerning the transparency directive as regards Officially Appointed Mechanisms (hereinafter called the
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| From 27/10/2005 to 27/01/2006 |
CESR's guidelines for supervisors regarding the notification procedure according to Section VIII of the UCITS Directive |
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SEE RESPONSES |
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| Summary |
CESR publishes today its first consultation paper (Ref. CESR/05-484) on its draft guidelines regarding the cross-border notification procedure of UCITS funds. According to the European Commission's Financial Integration Monitor of 2005
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| From 20/10/2005 to 21/11/2005 |
Second consultation on CESR's Draft Advice on Clarification of Definitions concerning Eligible Assets for Investments of UCITS |
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SEE RESPONSES |
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| Summary |
On 18th March 2005 CESR published its first consultation paper on its draft technical advice
(CESR/05-064b). The public consultation closed on 10th June 2005. CESR received a high
number of responses (more than 50).
The Commission asked originally CESR to deliver its technical… |
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