CESR adopts MiFID Level 3 work program

20 October 2006

CESR adopted its MiFID Level 3 work program for 2007 to deliver supervisory convergence in the application of MiFID. CESR has determined to advance uniform implementation of the rules across the EU. The work programme prioritises work that will have an impact on firm's processes and systems, and work that has a direct impact on facilitating the cross-border provision of investment services and activities, record keeping requirements and transaction reporting.

Responses to the foregoing consultation also indicated the need for much of this guidance to be delivered by end of February (early March), and stakeholders agreed that in order to achieve this, shorter consultation periods (from CESR’s usual practice of 3 months) would be acceptable.

Deadline for comments is 15 December 2006.

Press release
Work program

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