The European Commission Competition DG has issued for consultation a working document on Competition in EU securities trading and post-trading on 24 May, 2006.
ECSDA is the European Central Securities Depositories Association, composed by 39 (I)CSDs situated in the geographical area of Europe. ECSDA wishes to aim this response to the consultation document issued by the DG Comp. However we also propose this response for the information of DG Internal Market, since the working documents issued by the Commission have similar scopes.
ECSDA appreciates the thorough consideration given by DG Competition to the subject. Nevertheless, ECSDA regrets that the period for reaction to the Commission publications is too short to afford a proper evaluation of the findings.
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