Nieuwe publicaties van CESR

Nieuwe publicaties van CESR

Het originele bericht van CESR vindt u hieronder. Via de website van CESR krijgt u direct toegang tot deze documenten.

CESR works towards greater clarity for investors and market participants and increasing consistency in supervisory practice with the announcement of 4 initiatives CESR publishes today a consultation paper on its advice regarding implementing measures for the Transparency Directive. The draft advice sets out how issuers should make information known to investors and proposes the various options that may be available to develop a single storage point of information for EU investors to access financial information on all EU issuers. In addition, CESR issues a call for evidence in the area of investment management where it will work to assist the European Commission in providing greater clarity in defining 'eligible assets' as introduced by the UCITS III Directive.

The last two initiatives reflect the strong commitment amongst the members of the CESR network to ensure greater convergence and consistency in regulatory practices under the new regulatory regime put in place by the Financial Services Action Plan. The first of these two initiatives reviews how CESR functions at 'Level 3' of the Lamfalussy process and defines further how the network of EU supervisors intends to fully utilise its capacity to act within the Lamfalussy framework (in this non legislative phase of the process). The second initiative reflects, in a very tangible context, how some of these level 3 tools can be used in relation to the implementation of a specific Directive, namely the Market Abuse Directive, with the clear objective of ensuring convergence between supervisors in interpreting accepted market practices, and by so doing, providing market participants with greater certainty.

For more information on each initiative please see the more detailed press releases:

  • CESR's Advice on Possible Implementing Measures of the Transparency  Directive
    The detailed press release is Ref. CESR/04-578.  The consultation paper is Ref.  CESR/04-511
  • Call for evidence on the Mandate from the European Commission on the  eligible assets of UCITS
    The detailed Press Release is Ref. CESR/04-579 and the Call for Evidence is  Ref. CESR/04-586
  • The role of CESR at Level 3 under the Lamfalussy processThe detailed Press Release is Ref. CESR/04- 588 and the Consultation Paper is  Ref. CESR/04-527
  • Facilitating the implementation of the Market Abuse Directive