MiFID Level 3
Level 3

The section includes an archive of all of the work carried out by CESR to provide technical advice to assist the European Commission in the development of the proposals for a MiFID Directive. It therefore reflects CESR’s role in providing technical advice to the European Commission in a Level 2 capacity (under the Lamfalussy process).

02 Jul. 2010
MiFID database - Contact email addresses of CESR members for market participants
[08-251]
 
 
01 Mar. 2010
Amended Protocol on the Operation of the CESR MiFID Database
[09-172c]
 
 
03 Nov. 2009
Feedback statement - MiFID complex and non complex financial instruments for the purposes of the Directive’s appropriateness requirements
[09-558]
 
 
03 Nov. 2009
Questions and Answers - MiFID complex and non complex financial instruments for the purposes of the Directive’s appropriateness requirements
[09-559]
 
 
22 Oct. 2009
Consultation paper on Inducements: Good and poor practices
[09-958]
 
 
15 Oct. 2009
Protocol on the supervision of branches under MiFID
[07-672]
 
 
15 Oct. 2009
Protocol on MiFID Passport Notifications - revised
[07-317b]
 
 
14 Oct. 2009
Consultation paper - Understanding the definition of advice under MiFID
[09-665]
 
 
10 Jul. 2009
Report - Transparency of corporate bond, structured finance product and credit derivatives markets
[09-348]
 
 
10 Jul. 2009
Feedback statement - Transparency of corporate bond, structured finance product and credit derivatives markets
[09-349]
 
 
10 Jul. 2009
Press release - CESR recommends the Commission to introduce a mandatory trade transparency regime for non-equity markets
[09-682]
 
 
09 Jul. 2009
Questions and answers on MiFID: Common positions agreed by CESR Members 4th updated version - July 2009
[09-697]
 
 
09 Jul. 2009
MiFID Supervisory Briefing - Information and reporting to clients
[09-590]
 
 
10 Jun. 2009
Report - Impact of MiFID on equity secondary markets functioning
[09-355]
 
 
10 Jun. 2009
Press release - CESR assesses impact of MiFID on the functioning of equity secondary markets
[09-548]
 
 
20 May. 2009
Press release - First proposals for MiFID pre-trade transparency waivers assessed at CESR level
[09-467]
 
 
14 May. 2009
Consultation paper - MiFID complex and non-complex financial instruments for the purposes of the Directive’s appropriateness requirements
[09-295]
 
 
17 Feb. 2009
Feedback statement - CESR and ERGEG advice to the European Commission in the context of the Third Energy Package
[09-092]
 
 
02 Feb. 2009
Call for evidence on the technical standards to identify and classify OTC derivative instruments for TREM; CESR's transaction reporting exchange mechanism
[09-074]
 
 
12 Jan. 2009
Final advice - CESR and ERGEG advice to the European Commission in the context of the Third Energy Package
[08-998]
 
 
12 Jan. 2009
Cover letter - Joint CESR/ERGEG advice in the context of the Third Energy Package
[08-1030]
 
 
12 Jan. 2009
Press release - ERGEG and CESR publish their proposals on how to promote transparency and market integrity in electricity and gas trading
[CESR-ERGEG 12/01/09]
 
 
19 Dec. 2008
Consultation Paper - Transparency of corporate bond, structured finance products and credit derivatives markets
[08-1014]
 
 
19 Dec. 2008
Press release - CESR to consult on non-equity markets transparency
[08-1013]
 
 
03 Nov. 2008
Call for evidence - Impact of MiFID on secondary markets functioning
[08-872]
 
 
03 Nov. 2008
Call for evidence - Review of the scope of the MiFID transaction reporting obligation
[08-873]
 
 
03 Nov. 2008
Press release - CESR restates its resolve to ensure the protections of MiFID are applied convergently across Europe and announces new efforts to assess the impact and functioning of MiFID
[08-878]
 
 
23 Oct. 2008
Consultation paper - CESR and ERGEG advice to the European Commission in the context of the Third Energy Package
[08-753]
 
 
15 Oct. 2008
CESR/CEBS’s technical advice to the European Commission on the review of commodities business
[08-752]
 
 
15 Oct. 2008
Feedback statement - CESR/CEBS’s Consultation Paper on technical advice to the European Commission on the review of commodities business
[08-755]
 
 
15 Oct. 2008
Press release - CESR and CEBS publish their advice on the European Commission’s review of commodities business
[CESR/CEBS 15/10/08]
 
 
06 Oct. 2008
Supervisory briefings - Conflicts of interest
[08-733]
 
 
06 Oct. 2008
Supervisory briefings - Inducements
[08-734]
 
 
06 Oct. 2008
Supervisory briefings - Best execution
[08-735]
 
 
01 Oct. 2008
Final advice - CESR and ERGEG advice to the European Commission in the context of the Third Energy Package - Response to Question F.20 – Market Abuse
[08-739]
 
 
01 Oct. 2008
Feedback statement - CESR and ERGEG advice to the European Commission in the context of the Third Energy Package - Response to Question F.20 – Market Abuse
[08-754]
 
 
01 Oct. 2008
Press release - ERGEG and CESR advocate a tailored market abuse framework for energy markets in their advice to the Commission
[CESR/ERGEG 01/10/08]
 
 
30 Sep. 2008
A Consumer's guide to MiIFD - Investing in Financial products - Lithuanian translation
[08-003 Lithuanian]
 
 
04 Sep. 2008
Letter to EFSA, ESBG, EACB and EAPB regarding the MiFID Q&A
[08-483]
 
 
04 Sep. 2008
Presentation held at the Public hearing on the Draft Advice on the review of commodities business
[3L3 04/09/08]
 
 
03 Sep. 2008
Press release - CESR Members enhance supervisory co-operation for branch supervision
[08-675]
 
 
01 Sep. 2008
A Consumer's guide to MiFID - Investing in Financial products - Icelandic translation
[08-003 Icelandic]
 
 
26 Aug. 2008
A Consumer's guide to MiIFD - Investing in Financial products - German translation
[08-003 German]
 
 
31 Jul. 2008
Presentation held at the Public hearing on Consultation Paper on the review of commodities business
[3l3 07/07/08]
 
 
31 Jul. 2008
A Consumer's guide to MiIFD - Investing in Financial products - Maltese translation
[08-003 Maltese]
 
 
30 Jul. 2008
Final advice - CESR and ERGEG advice to the European Commission in the context of the Third Energy Package
[08-527]
 
 
21 Jul. 2008
Consultation paper - CESR and ERGEG advice to the European Commission in the context of the Third Energy Package
[08-509]
 
 
21 Jul. 2008
Press release - ERGEG and CESR consult on a proposed EU market abuse framework for energy markets
[CESR-ERGEG PR 21/07]
 
 
28 May. 2008
Joint CESR/ERGEG mandate in the context of the Third Energy Package - Letter to the European Commission and their response
[08-278]
 
 
23 May. 2008
A Consumer's guide to MiFID - Investing in Financial products - Finnish translation
[08-003 Finnish]
 
 
21 May. 2008
Protocol on the operation of notifications of MiFID Article 41 suspensions and removals of financial instruments from trading
[08-363]
 
 
21 May. 2008
Use of the Criteria defined in Article 22 of the Commission Regulation (EC) No 1287/2006 to determine liquid shares
[08-316]
 
 
15 May. 2008
Press release - CESR and CEBS publish a joint consultation paper on commodities
[08-412]
 
 
15 May. 2008
Consultation paper - CESR’s/CEBS’ technical advice to the European Commission on the review of commodities business
[08-370]
 
 
07 Mar. 2008
Press release - CESR increases confidence for retail investors with the development of a retail investor guide on MiFID
[08-209]
 
 
07 Mar. 2008
A Consumers' Guide to MiFID - Investing in Financial Products
[08-003]
 
 
07 Mar. 2008
A Consumers' Guide to MiFID - Investing in Financial Products - Hungarian translation
[08-003 HU]
 
 
07 Mar. 2008
A Consumers' Guide to MiFID - Investing in Financial Products - Spanish Translation
[08-003 ES]
 
 
07 Mar. 2008
A Consumers' Guide to MiFID - Investing in Financial Products - French translation
[08-003 French]
 
 
07 Mar. 2008
A Consumers' Guide to MiFID - Investing in Financial Products - Dutch translation
[08-003 Dutch]
 
 
21 Feb. 2008
Feedback statement - Improving the Functioning of the MiFID Database
[08-147]
 
 
18 Feb. 2008
Changes to the database of Shares admitted to trading on regulated markets
[08-141]
 
 
18 Feb. 2008
Call for evidence - CESR/ERGEG call for evidence on record keeping, transparency, supply contracts and derivatives for electricity and gas
[08-140]
 
 
05 Feb. 2008
MiFID Level 3 Work Programme for 2008
[07-704c]
 
 
18 Jan. 2008
Call for evidence - CESR/CEBS Call for Evidence on Commodities
[08-064]
 
 
17 Dec. 2007
Consultation Paper - Improving the functioning of the MiFID database
[07-832]
 
 
02 Nov. 2007
Press release - CESR IT systems and databases up and running to ensure EU wide market integrity and transparency
[07-748]
 
 
22 Oct. 2007
Press release - CESR takes final steps before MiFID goes live
[07-726]
 
 
22 Oct. 2007
Passport under MiFID - Recommendations for the implementation of the Directive and Statement on practical arrangements regarding the late transposition of MiFID
[07-337b]
 
 
22 Oct. 2007
Overview of national discretions and options under MiFID level 1
[07-703]
 
 
22 Oct. 2007
CESR Response to the Commission's request for initial assistance on commodity and exotic derivatives and related business
[07-673]
 
 
22 Oct. 2007
Consultation paper - Draft MiFID work-programme for 2007/2008
[07-704]
 
 
19 Oct. 2007
Developer’s Guidelines for CESR database on Shares admitted to trading on EU Regulated Markets - updated October 2007
[07-370b]
 
 
19 Oct. 2007
Press statement - CESR updates the MiFID Market Transparency Database
[07-718]
 
 
22 Sep. 2007
Directive amending 92/49/EEC, 2002/83/EC, 2004/39/EC, 2005/68/EC and 2006/48/EC as regards procedural rules and evaluation criteria for the prudential assessment of acquisitions and increase of holdings in the financial sector
[2007/44/EC]
 
 
09 Aug. 2007
Press release - CESR publishes its advice to the European Commission on non-equities transparency, as well as a report on commodity and exotic derivatives and announces the appointment of Jean-Paul Servais (CBFA) Chair of the MiFID Level 3 Experts Group
[07-497]
 
 
09 Aug. 2007
Technical advice on Non-equities transparency
[07-284b]
 
 
09 Aug. 2007
Feedback statement - Technical advice on Non-equities transparency
[07-538]
 
 
09 Aug. 2007
A compilation of responses by CESR Members to the European Commission's request for initial assistance on commodity and exotic derivatives and related business
[07-429]
 
 
03 Jul. 2007
Press release - CESR publishes today the list of ‘Liquid Shares’ according to the MIFID, as well as all shares listed on EU Regulated Markets
[07-450]
 
 
03 Jul. 2007
CESR Guidebook on MiFID market transparency calculations
[07-322]
 
 
29 May. 2007
Recommendations - The passport under MiFID
[07-337]
 
 
29 May. 2007
Press release - EU Securities Supervisors publish the last set of guidance to implement the new trading regime in Europe (MiFID)
[07-346]
 
 
29 May. 2007
Feedback statement - The passport under MiFID
[07-318]
 
 
29 May. 2007
Q&A on Best Execution
[07-320]
 
 
29 May. 2007
Feedback statement - Q&A on Best Execution
[07-321]
 
 
29 May. 2007
Recommendations - Inducements under MiFID
[07-228b]
 
 
29 May. 2007
Feedback statement - CESR Level 3 Recommendations on Inducements under MiFID
[07-316]
 
 
29 May. 2007
Guidelines - CESR Level 3 Guidelines on MiFID Transaction reporting
[07-301]
 
 
29 May. 2007
Feedback statement - CESR Level 3 Guidelines on MiFID Transaction Reporting
[07-319]
 
 
10 May. 2007
Consultation paper - Non-equity transparency
[07-284]
 
 
13 Apr. 2007
Consultation paper - Inducements under MiFID
[07-228]
 
 
13 Apr. 2007
Press release - CESR re-consults on the draft recommendations for inducements under MiFID
[07-247]
 
 
09 Feb. 2007
Press release - First set of CESR Level 3 Guidelines and Recommendations on the smooth application of MiFID: Market Data Consolidation & Record Keeping
[07-119]
 
 
09 Feb. 2007
CESR's Level 3 Recommendations on the List of minimum records under Article 51(3) of the MiFID Implementing Directive
[06-552c]
 
 
09 Feb. 2007
Feedback statement - CESR's Level 3 Recommendations on the List of minimum records under Article 51(3) of the MiFID Implementing Directive
[07-085]
 
 
09 Feb. 2007
CESR's Level 3 Guidelines and recommendations on Publication and Consolidation of markets data
[07-043]
 
 
09 Feb. 2007
Feedback statement - CESR's Level 3 Guidelines and recommendations on Publication and Consolidation of markets data
[07-086]
 
 
08 Feb. 2007
Agenda for the Open Hearing on MiFID Level 3: Transaction reporting
[07-115]
 
 
06 Feb. 2007
Call for evidence - non-equities markets transparency
[07-108]
 
 
02 Feb. 2007
Consultation paper - Best execution under MIFID
[07-050b]
 
 
02 Feb. 2007
Consultation paper - CESR Level 3 Guidelines on MiFID Transaction reporting
[07-047]
 
 
02 Feb. 2007
Press release - CESR consults on Best Execution & Transaction Reporting under MiFID
[07-105]
 
 
05 Jan. 2007
Agenda for the Open Hearing on MiFID Level 3: the Passport and Inducements
[07-016]
 
 
22 Dec. 2006
Press release - CESR consults on inducements & passporting under MiFID
[06-693]
 
 
22 Dec. 2006
Consultation paper - Inducements under MiFID
[06-687]
 
 
15 Dec. 2006
Consultation paper - use of reference data standard codes in transaction reporting
[06-648b]
 
 
15 Dec. 2006
Consultation paper - the passport under MiFID
[06-669]
 
 
17 Nov. 2006
CESR's response to the Commission's request for initial assitance on non-equities markets transparency
[06-599]
 
 
17 Nov. 2006
Letter from the European Commission - Request for initial assistance on non-equities markets transparency
[EC G3 D(2006) 8626]
 
 
20 Oct. 2006
Press release - CESR adopts its MiFID Level 3 work program for 2007 and launches work with a consultation on record keeping requirements and market data consolidation
[06-574]
 
 
20 Oct. 2006
MiFID Level 3 Expert Group – 2006/2007 Work Programme
[06-550b]
 
 
20 Oct. 2006
Consultation Paper - The list of minimum records in Article 51(3) of the MiFID implementing Directive
[06-552]
 
 
20 Oct. 2006
Consultation Paper - Publication and Consolidation of MiFID Market Transparency
[06-551]
 
 
05 Sep. 2006
Directive implementing Directive EC/39/2004 as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive
[EC/73/2006]
 
 
05 Sep. 2006
Regulation implementing Directive 2004/39/EC as regards recordkeeping obligations for investment firms, transaction reporting, market transparency, admission of financial instruments to trading, and defined terms for the purposes of tha
[Reg/1287/2006]
 
 
18 Jul. 2006
Consultation paper - CESR Work Programme on MiFID level 3 Work
[06-413]
 
 
18 Jul. 2006
Press release - CESR consults on its draft work programme for MiFID Level 3 work - Ensuring convergence amongst supervisors
[06-415]
 
 
24 Mar. 2006
Call for evidence - Consolidation of Market Transparency Data
[06-134]