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The call for evidence seeks the views on which classification and identification standards should be used for OTC derivative instruments. The call is focused on OTC derivatives where the underlying instruments are securities admitted to trading on regulated markets in the EEA.
At this stage, CESR is mainly interested in the scope of instruments that are currently reported in the Member States that have used Recital 45 of MiFID to extend the scope of transaction reporting.
The types of instrument currently collected are, for example contracts for difference, spread bets, credit default swaps, equity swaps, options, futures, warrants, etc.
CESR has identified the classification and identification of the OTC derivative instruments as one of the major challenges of the upcoming project.
Deadline for comments is 27 February 2009.