CESR Response on ISD
28 June 2002
-The response of CESR to the second consultation of the EU Commission on the revision of the ISD has been prepared by the CESR Expert Group on Market Transparency and Efficiency, chaired by Claes Norgren.
“As a general principle”, the paper mentions, “CESR’s view is that the ISD should not favor any particular market structure. Although regulation of Investment Services must be designed to create an appropriate framework for markets it should be neutral so as to create a level playing field, and allow choice for investors and issuers. Market structures consist among other things of a set of services offered to the public. It should thus be left to the markets to decide what structures better serve the interests of different market participants.”
CESR Response on ISD
© CESR - Committee of European Securities Regulators
