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Committee Of European Securities Regulators First Interim report By The Review Panel

Date 04/03/2004

Today CESR publishes the first interim report by the Review Panel which provides a global overview of the state of implementation of two sets of CESR Standards, one which establishes a common set of rules to protect investors across Europe and the other which establishes a common approach to the regulatory framework of Alternative Trading Systems (ATSs). The effective implementation of the Standards reviewed by CESR will ensure investors can enjoy an equivalent level of protection throughout Europe and that investment firms are assured a level playing field. This will therefore contribute to greater public confidence in the single market for financial services.

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