MIFID II: Draft and Impact assessment
21/10/2011
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"Dark Liquidity" : Best Execution duties and waivers to transparency obligations
04/02/2011
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Legislative Observatory - Regulation of trading in financial instruments - "dark pools" etc.
03/02/2011
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Feedback statement - CESR Technical Advice to the European Commission in the context of the MiFID Review Investor Protection and Intermediaries
06/09/2010
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CESR publishes responses to three consultations on the MiFID review
08/06/2010
  | CESR publishes today the responses to the consultations on Investor protection and intermediaries, transaction reporting and secondary markets. To view the responses, please see CESR website |
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CESR launches 3 consultation on its advice on MIFID
13/04/2010
  | The three themes are : transaction reporting, secondary markets, protection of investors and intermediaries. Comments should be sent by May, 31st 2010. |
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CESR consults on micro-structural issues of the European equity markets
07/04/2010
  | CESR publised today a call for evidence on micro-structural issues of the European equity markets.
This call for evidence shall assess the impact of some of the latest developments in European equity markets and may also inform aspects of this year's MiFID review. |
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Restoring Investor Confidence in European Capital Markets
26/02/2010
 | Restoring Investor Confidence in European Capital Markets is a report of the the European Investors' Working Group, an independent non-political investor group composed of members from the retail and institutional investment industry community. This report provides a framework of recommendations for the EU regulatory and supervisory agenda from the investor's perspective. |
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Mr Fleuriot's report on MIFID issues
18/02/2010
 | The report was ordered by Mrs Christine Lagarde to prepare MIFID's review. |
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Market Fragmentation and Liquidity - Pr Thierry Foucault
18/02/2010
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3 L 3 Cross-Sector Seminar on MiFID
25/01/2010
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CESR on the assessment of the proposals for MiFID pre-trade transparency waivers
09/12/2009
 | The MiFID compliance of these functionalities has been assessed at CESR level on the basis of the new joint process that CESR launched in February 2009. The table includes information on a new assessments made at CESR level regarding an application for a waiver to be granted on the basis of the MiFID Implementing Regulation that CESR considered not to be compliant with MiFID. |
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CESR publishes feedback statement and Q&A to its consultation on MiFID's complex and non-complex financial instruments
03/11/2009
 | CESR publishes today a feedback statement and Questions and Answers (Q&A) to respond to comments made and points raised in response to its consultation on MiFID complex and non-complex financial instruments for the purposes of the Directive's appropriateness requirements (Ref. CESR/09-295).
The consultation paper was published on 14 May 2009.
Read CESR feedback statement on CESR website. |
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CEPS : Financial Market data and MIFID
28/03/2007
 | The opening-up of the market for equity market data, as foreseen in the Markets in Financial Instruments Directive (MiFID), raises the question of whether data will be sufficiently consolidated and of high enough quality, or whether the information will become too fragmented, thereby hindering price transparency and the implementation of best
execution policies. This policy brief outlines the market for financial market data, the provisions of MiFID and the implementing measures regarding financial data and data consolidation. It also looks at the approaches taken by Committee of European Securities Regulators, the FSA and the US authorities. It concludes that markets should be capable of adapting and that additional licensing requirements, such as those proposed by the FSA, are in fact premature and might act as a barrier to the single market. Nor does it find that a US-style monopoly consolidator would be needed. Download the full report (.pdf 7 pages) |
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White Paper on Financial Services Policy (2005-2010)
05/12/2005
 | The Commission's strategy explores the best ways to effectively deliver further benefits of financial integration to industry and consumers alike. |
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