CESR and US SEC Chairmen discuss collaborative efforts

15 December 2005

CESR Chairman Docters van Leeuwen and US SEC Chairman Cox met to discuss International Financial Reporting Standards and other potential agenda items for collaborative efforts in 2006. Next to the review of IFRS reporting in their respective jurisdictions, potential collaborative efforts in 2006 include a review of the practical application of risk-based anti-money laundering procedures by securities firms and engaging relevant parties to consider the development of a common licensing exam for individuals who work in the international capital markets industry.

Both chairmen expressed their support for continued close interaction to maintain and promote investor protection and market integrity in the transatlantic capital markets. Mr Cox also informed about of the SEC’s rule proposal on deregistration requirements for foreign issuers, which had been approved by the Commission.

CESR press release
SEC press release

© CESR - Committee of European Securities Regulators