CESR published responses on MiFID consultation

05 April 2005

CESR published answers received to its consultation on CESR’s Draft Technical Advice on Possible Implementing Measures of the MiFID Directive. The consultation paper covered a new proposal on the general obligation where the investment firm grants a credit or loan of money to a retail client. It also dealt with the definition of “investment advice” and whether it should be limited to recommendations relating to specific financial instruments. Other issues covered included the “best execution” and “market transparency”.

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