FESE response to Commission’s Call for Evidence on Transparency in Bond Markets

22 September 2006

FESE responded to the Commission’s Call for Evidence on Transparency in Bond Markets and Other Non-equity Markets. Although supporting the planned two-stage consultation FESE claims that industry would get a chance to provide comments both to the Commission and to CESR in later stages of the study.

The Federation also believes that the Commission’s own better regulation principles demand that any decisions on the extension of the MiFID transparency regime to non-equity instruments should be taken on the basis of proper assessment of the consequences of such a regime; an analysis of the efficacy of that MiFID regime as implemented for equity instruments would be an integral element of such an assessment.

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