The Commission published its first set of provisional mandates requesting CESR’s advice on possible technical measures to implement the proposed Financial Instruments Markets Directive (FIM) which will revise the existing Investment Services Directive (ISD).
The FIM is intended to deliver an effective ‘single passport’ allowing investment firms to operate across Europe.
The Commission’s provisional mandates request CESR to submit its advice on the appropriate measures to implement the Directive by 31 January 2005. CESR announces a call for evidence from interested parties on all the provisional mandates issued, sets out how it intends to structure its own expert working groups to deliver the advice requested by the European Commission, and provides a timetable for the work and the consultation process.
Views from Market Participants on any or particular parts of the mandates are welcomed by 19 February 2004.
CESR press release
© CESR - Committee of European Securities Regulators
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