05 August 2008

CEBS amends consultation practices

<p class="MsoNormal" style="margin: 0cm 0cm 0pt; text-align: justify"><span lang="EN-GB" style="font-size: 10pt; font-family: Verdana; mso-ansi-language: EN-GB">CEBS published the amended Public Statement of Consultation Practices, which was submitted for a three-month public consultation on </span><st1:date month="3" day="19" year="2007"><span lang="EN-GB" style="font-size: 10pt; font-family: Verdana; mso-ansi-language: EN-GB">19 March 2007</span></st1:date><span lang="EN-GB" style="font-size: 10pt; font-family: Verdana; mso-ansi-language: EN-GB">. This amendment foresees the procedures to be followed in case of a limited or drafting amendment to CEBS products.<o:p></o:p></span></p> <p class="MsoNormal" style="margin: 0cm 0cm 0pt; text-align: justify"><span lang="EN-GB" style="font-size: 10pt; font-family: Verdana; mso-ansi-language: EN-GB"><o:p>&nbsp;</o:p></span></p> <p class="MsoNormal" style="margin: 0cm 0cm 0pt; text-align: justify"><span lang="EN-GB" style="font-size: 10pt; font-family: Verdana; mso-ansi-language: EN-GB">The amendment to the consultation practices limits the number of changes in each Guideline, Standard and Recommendation to one per year as a maximum. This decision is taken in order to promote the stability in the CEBS products for credit institutions and investment firms.<o:p></o:p></span></p> <p class="MsoNormal" style="margin: 0cm 0cm 0pt; text-align: justify"><span lang="EN-GB" style="font-size: 10pt; font-family: Verdana; mso-ansi-language: EN-GB"><o:p>&nbsp;</o:p></span></p> <p class="MsoNormal" style="margin: 0cm 0cm 0pt; text-align: justify"><span lang="EN-GB" style="font-size: 10pt; font-family: Verdana; mso-ansi-language: EN-GB"><font color="#800080"><a href="http://www.c-ebs.org/getdoc/0ff4454d-d488-48b7-a69e-599d61e08392/CEBS-amends-its-consultation-practices-.aspx">Press release</a></font><o:p></o:p></span></p> <p class="MsoNormal" style="margin: 0cm 0cm 0pt; text-align: justify"><span lang="EN-GB" style="font-size: 10pt; font-family: Verdana; mso-ansi-language: EN-GB"><font color="#800080"><a href="http://www.c-ebs.org/formupload/9c/9ceec6de-7e58-4041-962c-611a7d356971.pdf">CP01 revised</a></font><o:p></o:p></span></p> <p class="MsoNormal" style="margin: 0cm 0cm 0pt; text-align: justify"><span lang="EN-GB" style="font-size: 10pt; font-family: Verdana; mso-ansi-language: EN-GB"><font color="#800080"><a href="http://www.c-ebs.org/formupload/92/920de3e4-efb6-43fe-808c-123511f9596f.pdf">Feedback document</a></font><o:p></o:p></span></p>

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