Following the finalisation of the legislative phase of MiFID, CESR is concentrating on the operational aspects that arise as a consequence of the provisions of the Directive and its implementing measures and in identifying practical solutions to address the regulatory challenges. In this regard, CESR recognises that the success of MiFID is dependent upon an intensification of supervisory convergence between its Members.
Today's announcement launches the third public consultation relating to intermediaries (following the launch of consultations on record keeping and on passporting) under the Level 3 work under MiFID.
Comments are welcomed by 9 February 2007, and a public hearing will be held at a date to be announced shortly.
CESR's consultation paper on the inducement process under MiFID is accompanied by a press release.
The other consultation paper regarding the intermediares is open for consultation until 31 January 2007, and is available in the section Consultations, or via the following link:
The use of passport under MiFID
