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CWG members are selected for a renewable term of two years. Appointments are done on a personal basis, and are bound by confidentiality requirements in relation to all non-public information they are provided with while performing their tasks.
IPISC undertakes ESMA’s work relating to the provision of investment services and activities by investment firms and credit institutions. Particular regard is made to investor protection, including the Markets in Financial Instruments Directive (MiFID) conduct of business and organisational requirements and their technical implementation, and the distribution of investment products.
IPISC is responsible for developing and providing technical advice to the European Commission, and for preparing technical standards, guidelines and recommendations relating to the provisions of MiFID applicable to investment services and activities. This includes, for example, the authorisation of investment firms, conduct of business, organisational arrangements and passporting.
The members of IPICS consultative group are expected to provide technical assistance in relation to IPISC’s work. Applications must be submitted by email by no later than 31 August, 2012.