Commission invites for comment on securities trading, clearing, central counterparties, and securities settlement

25 August 2004

The Commission conducted a study in collaboration with Member States, to identify the arrangements for trading, clearing and settlement of securities in each EU Member State as well as those structures emerging at cross-border level. Comments should be sent to the Commission until 30 October 2004.

The study takes the form of a general introduction to the sector, describing the main functions and infrastructures, its main evolutions and in particular the key players at EU level. The second part of the report gives a presentation of the situation in each Member State (EU25) including comments on issues of potential competition scrutiny such as exclusive arrangements and access.

The report does not attempt to enter into a competition assessment of individual mechanisms. DG Competition will continue to monitor the sector and potential competition concerns in order to intervene where appropriate.

The consultation period for this study is extended from 30 October until 15 December 2004.

Invitation for comment
Full study

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