CESR herbenoemingen
CESR herbenoemingen
- Lamberto Cardia, voorzitter van de Italiaanse effectentoezichthouder (CONSOB) wordt de voorzitter van de nieuwe Expert group inzake Investment Management. Deze groep is ingesteld in het kader van de nieuwe taak van CESR betreffende de regulering van Collective Investment Schemes (UCITS) binnen de EU. Tot nu toe was dit de verantwoordelijkheid van het UCITS Contact Committee dat was ingesteld door de Europese Commissie.
- Andres Trink, bestuursvoorzitter van de financiële toezichthouder van Estland, is benoemd tot voorzitter van de nieuwe expert group die de Europese Commissie zal adviseren over de Richtlijn Transparency,. Deze Richtlijn, die op 30 maart j.l. is goedgekeurd door het Europees Parlement, betreft een aantal publicatieverplichtingen voor beursgenoteerde bedrijven in Europa. Andres Trink is de eerste expert group-voorzitter die afkomstig is van een van de tien nieuwe, tot de EU toetredende, landen.
- Fabrice Demarigny, sinds september 2001 Secretaris-Generaal van CESR is herbenoemd voor een tweede termijn van drie jaar.
Originele persbericht
CESR ANNOUNCES APPOINTMENTS
CESR announces the re-appointment of CESR's Secretary General for a further 3 year term and the nomination of Chairmen to lead CESR's work on Investment Management and the Transparency Directive.
- Mr Lamberto Cardia, Chairman of the Italian securities regulator, the Commissione nazionale per le società e la Borsa (CONSOB) will Chair CESR Expert Group on Investment Management Mr Lamberto Cardia, Chairman of the Italian securities regulator, the Commissione nazionale per le società e la Borsa (CONSOB) will develop CESR's new role in the regulation of Asset Management and Collective Investment Schemes (UCITS) in Europe. This will ensure that regulators are better placed to ensure that the rights and obligations of the securities industry of both the 'sell side' and 'buy side' are managed coherently on an EU-wide basis (including both individual and collective asset management). CESR's decision to begin work in this area follows a decision by Europe's Finance Ministers in the ECOFIN Council on 3 December 2002, to transfer the responsibilities of the UCITS Contact Committee established by the European Commission and an invitation to CESR to begin work in this area in anticipation of the transfer of these responsibilities. The transfer of these responsibilities is currently before the European Parliament for approval. All CESR members are currently competent authorities responsible for implementing the UCITS Directive. For this reason, the effect of bringing UCITS within the ambit of CESR represents a rationalisation of the new regulatory structure for European financial services established under the Lamfalussy process. To assist the Expert Group, a consultative working group composed of practitioners, consumers and end users will be set up in the coming weeks.
A permanent member of the CESR secretariat, Mr Jarkko Syyrilä has been recruited to assist the Chairman and acts as rapporteur of the Expert Group. Prior to his appointment, Mr Jarkko Syyrilä worked in the field of investment management at the Rahoitustarkastus, the Finnish Financial Supervision Authority.
- Mr Andres Trink, Chairman of the Management Board of the Estonian Financial Supervision Authority, The Finantsinspektsioon, has been nominated to Chair CESR's Expert Group on the Transparency Directive. The European Commission is expected shortly to request CESR's advice (in the form of a mandate) on aspects of the Transparency Directive which was initially proposed by the European Commission in March 2003. This proposal was endorsed in general terms by the European Council on 25 November 2003 and approved by the European Parliament on 30 March 2004. The Transparency Directive imposes ongoing disclosure requirements to publicly traded companies in Europe and is a legislative measure intended to bolster investor confidence by ensuring investors receive timely and regular information such as, annual and half-yearly financial reports and information about major holdings. Anticipating the request for advice from the European Commission, CESR announces today the formation of a new Expert Group which will prepare this advice. CESR's advice is likely to define further how to implement the requirements of the Directive and cover the appropriate mechanisms for dissemination of different ongoing and periodic information. Mr Andres Trink, Chairman of the Management Board of the Estonian Financial Supervision Authority, The Finantsinspektsioon, has been nominated to chair the Expert Group. The appointment of Mr Trink reflects the extent to which CESR members from the accession countries are already actively participating in the work of CESR in advance of the final stage of full membership of the European Union which takes effect on 1 May, 2004. As soon as CESR receives the mandates a call for evidence will be published. This will include an indicative timetable for the Expert Groups work, including, an indication of when consultations will take place. A consultative working group of practitioners, consumers and end users will be formed shortly. The rapporteur of the Expert Group will be Michel Colinet from the CESR secretariat.
- Renewal of Fabrice Demarigny's mandate as Secretary General of CESR.
Finally, CESR is pleased to announce the renewal of Fabrice Demarigny?s mandate as Secretary-General of CESR for a second term of three years. This second mandate takes effect on 1 January 2005.
Mr Arthur Docters Van Leeuven, Chairman of CESR noted that: "The decision to renew Mr Demarigny's term as CESR's Secretary General reflects his great contribution and effort to establish CESR in its early years and the continued effectiveness of the secretariat under his leadership. His re-appointment will ensure the necessary continuity in CESR's work in this important phase as a number of the key proposals established by the Financial Services Action Plan reaches a stage where CESR will need to provide timely, effective and clear advice to the European Commission on issues such as the new Investment Services Directive and the Transparency Directive and further initiatives to develop closer co-operation amongst regulators".