MiFID Level 2
CESR’s Technical Advice on Possible Implementing Measures of the Directive 2004/39/EC on Markets in Financial Instruments -1st Set of Mandates where the deadline was extended and 2nd Set of Mandates

03 May. 2005 - CESR publishes today its final technical advice on implementing measures for the Markets in Financial Instruments Directive (MiFID) submitted to the European Commission on 29 April 2005. MiFID forms one of the cornerstones of the EU’s securities regulatory regime, and is intended to deliver an effective ‘single passport’ allowing investment firms and regulated markets to operate across Europe, under a common set of rules which enhance the protection of European investors. In particular, the technical advice delivered covers: investment research, best execution, suitability test, execution only, eligible counterparties, market transparency, pre-trade transparency, post-trade transparency and admission to trading. PLEASE NOTE THAT THERE WAS AN ERROR IN BOX 1 IN THE DEFINITION OF INVESTMENT RESEARCH, WHICH HAS NOW BEEN AMENDED. http://www.cesr-eu.org/data/document/05_290b.pdf


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