The Investor Protection and Intermediaries Standing Committee undertakes CESR’s work on all issues related to the provision of investment services and activities by investment firms and credit institutions, with particular regard to investor protection, including the conduct of business rules, distribution of investment products, investment advice and suitability.

In terms of policy, the Standing Committee has responsibility for elaborating Level 2 advice and Level 3 measures on the provisions of the Markets in Financial Instruments Directive (MiFID) applicable to investment services and activities, including the authorisation of investment firms, conduct of business, organisational arrangements and passporting. If needed, the Standing Committee will also advise the European Commission on the need for possible changes to the Level 1 Directive.

The Standing Committee also fosters supervisory convergence among CESR Members in the area of investment services and activities.

To see an archive of all work carried out on these issues, and in particular work carried out to develop convergence amongst supervisors (undertaken by CESR in a Level 3 capacity) please visit (MiFID Level 3). In particular, a guide explaining the MiFID Directive for retail investors in various languages can be found in this section as it was published prior to January 2011.
To view the technical advice developed by CESR for the development of the MiFID Directive visit (MiFID Level 2)
Any correspondence regarding the work of this Committee should be sent to the CESR Secretariat.