MiFID Level 3
Level 3

Jean-Paul SERVAIS, Chairman of the Managing Committee of the Belgian CBFA

Eija Holttinen

Following the delivery of CESR's technical advice to the EU Commission and the forthcoming adoption by the European Commission of the Markets in Financial Instruments Directive ("MiFID") Level 2 implementing measures, and in accordance with the recommendations of the Final Report of the Committee of Wise Men on the Regulation of European Securities Markets the Lamfalussy report CESR should now consequently focus on developing mechanisms to ensure consistent implementation of MiFID Level 1 and 2 requirements and foster supervisory convergence among CESR members.

In light of the changing emphasis of CESR's work on MiFID, CESR agreed to dissolve the previous three Expert Groups and its MiFID Steering Group at the conclusion of the Level 2 implementing measures. CESR also agreed to establish a new single 'MiFID Level 3 Group' (the "Group"). This group is not intended to be of permanent nature; it aims to achieve most of its results to facilitate a smooth and consistent implementation of the new regime, starting in November 2007. Further work will be performed as warranted.

Databases on Shares admitted to trading on EU Regulated Markets, Systematic Internalisers, Regulated Markets, MTF's and Central Counterparties

Documents relating to Transaction Reporting are published on the page of the CESR-Tech expert group.

26 Feb. 2009
Protocol on the Operation of CESR MiFID Database
17 Feb. 2009
Feedback statement - CESR and ERGEG advice to the European Commission in the context of the Third Energy Package
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
12 Jan. 2009
Final advice - CESR and ERGEG advice to the European Commission in the context of the Third Energy Package
12 Jan. 2009
Cover letter - Joint CESR/ERGEG advice in the context of the Third Energy Package