Responses
  Closing date : 29 Jan. 2007  
Call for evidence on the supervisory functioning of the Prospectus Directive and Regulation

13 Nov. 2006 - Directive 2003/71/EC on the prospectus to be published when securities are offered to the public or admitted to trading (“the Prospectus Directive”) came into force on 31st December 2003, and was required to be implemented by Member States by 1st July 2005 at the latest. The Prospectus Directive is supplemented by Regulation (EC) No. 809/2004 of 29 April 2004 which became effective also on 1st July 2005. Now that this European Prospectus regime is more than a year old it seems valuable at this point for CESR to assess whether it is really working on the ground, and in particular whether it is contributing to the development of the single market for securities. As reconfirmed by the ECOFIN conclusions adopted on 5 May 2006 by the EU Finance Ministers, CESR´s main role to fully achieve the benefits of the single market is to promote supervisory convergence amongst Europe´s securities supervisors. This exercise will enable CESR to determine whether its members are following the path of convergence after one year of application of the Prospectus regime (Prospectus Directive and Prospectus Regulation).
CESR therefore welcomes comments by 29 January 2007.

       
07 Feb. 2007Banking
ABI
07 Feb. 2007Banking
Association of Foreign Banks in Germany
07 Feb. 2007Banking
BNP PARIBAS GROUP
07 Feb. 2007Banking
Deutsches Derivate Institut e.V.
07 Feb. 2007Banking
European Banking Federation
07 Feb. 2007Banking
French Banking Federation
07 Feb. 2007Banking
International Capital Market Association
07 Feb. 2007Banking
Netherlands Bankers' Association
07 Feb. 2007Banking
Zentraler Kreditausschuss
07 Feb. 2007Insurance, pension & asset management
AFG
07 Feb. 2007Insurance, pension & asset management
Assogestioni
07 Feb. 2007Insurance, pension & asset management
BVI Bundesverband Investment und Asset Management e.V.
07 Feb. 2007Insurance, pension & asset management
EFAMA
07 Feb. 2007Issuers
Association of Stock Exchange Issuers
07 Feb. 2007Issuers
DAI-BDI
07 Feb. 2007Issuers
EALIC
15 Feb. 2007Issuers
MEDEF
07 Feb. 2007Issuers
Quoted Companies Alliance
07 Feb. 2007Issuers
The Association of Corporate Treasurers
07 Feb. 2007Legal & Accountancy
Baker and McKenzie's
08 Feb. 2007Legal & Accountancy
FEE
07 Feb. 2007Legal & Accountancy
IBA
07 Feb. 2007Legal & Accountancy
Linklaters
09 Feb. 2007Legal & Accountancy
Sullivan & Cromwell
07 Feb. 2007Legal & Accountancy
White & Case on behalf of the IAFP
07 Feb. 2007Others
Advisory Committee of the Spanish Securities Regulator
07 Feb. 2007Others
CFA Institute
07 Feb. 2007Others
ifs ProShare
07 Feb. 2007Others
Irish ProShare Association
22 Feb. 2007Others
Norwegian Financial Services Association
07 Feb. 2007Others
The Employee Share Ownership Centre
07 Feb. 2007Others
VFI Verband der Finanzdienstleistungsinstitute e.V
07 Feb. 2007Regulated markets, exchanges & trading systems
borsa italiana
07 Feb. 2007Regulated markets, exchanges & trading systems
Deutsche Börse AG
15 Feb. 2007Regulated markets, exchanges & trading systems
Euronext
15 Feb. 2007Regulated markets, exchanges & trading systems
FESE
07 Feb. 2007Regulated markets, exchanges & trading systems
Warsaw Stock Exchange