FESE response on Storage of Regulated Financial Information

02 April 2007

FESE issued its response to the Commissions working document on the storage of regulated financial information. FESE members believe that any translation of the regulated information received from the issuers falls into the category of value-added service and welcome the Commission’s clarification that the language regime minimum standards should not be construed as imposing on the Storage mechanism an obligation to translate the information filed.

FESE also supports the so-called Model C, as presented by CESR in its June 2006 final advice to the Commission. Such a model could be assessed after a sufficient period following its implementation with a survey taking into account costs and benefits and the Commission could decide, on the basis of this assessment, if there is a need and an advantage for proceeding with more integrated solutions such as the BRITE Project.

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© Graham Bishop