The
EBF issued its comments on CESR’s public consultation on best execution under
MiFID reminding that the timing of such guidance has now become critical and must be finalised by the end of the first quarter of 2007.
EBF welcomes CESR’s generally pragmatic approach and clarity of thought and believes that its Level 3 work should focus on regulatory convergence and not on the creation of new requirements for investment firms and credit instructions through the guidance it proposes.
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