The United States Securities and Exchange Commission (SEC) and the Committee of European
Securities Regulators (CESR) announced that they intend to increase their co-operation and
collaboration. In
SEC Commissioner Campos and
CESR Chairman Docters van Leeuwen presented the terms of reference and set out the subjects that will dominate the agenda during
2004 and 2005.
The dialogue should identify emerging risks in the US and the EU securities markets to address potential regulatory problems at an early stage. It should also engage in early discussion of potential regulatory projects to facilitate convergence or at least cpmpatibility
The agenda for the second half of 2004 and 2005 includes:
Market structure issues;
Future mutual fund regulation, including with respect to stale price arbitrage, late
trading, and corporate governance;
Development of an effective infrastructure to support the use of International Financial
Reporting Standards with the final objective of avoiding reconciliation with local GAAPs;
Credit rating agencies;
Financial Analysts.
Agency responsible for administering federal securities laws in the U.S.
www.sec.gov',WIDTH, 300, SHADOW, true, FADEIN, 300, FADEOUT, 300, STICKY, 1,DURATION,3500)" onmouseout="UnTip()");">SEC Terms of reference.pdf' target='_blank'>CESR – SEC Terms of reference
Agency responsible for administering federal securities laws in the U.S.
www.sec.gov',WIDTH, 300, SHADOW, true, FADEIN, 300, FADEOUT, 300, STICKY, 1,DURATION,3500)" onmouseout="UnTip()");">SEC fut coll.pdf' target='_blank'>Press release
© CESR - Committee of European Securities Regulators
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