In August 2006 CESR received from the Commission a letter requesting CESR´s assistance with regards to the Commission's work under Article 65(1) of the MiFID. Under the provisions of that article, the Commission is required to present a report to the European Parliament and Council on the possible extension of the scope of the provisions of the Directive concerning pre and post trade transparency obligations to transactions in classes of financial instruments other than shares.
The Commission indicated that its initial request to CESR was a limited fact-finding exercise in relation to cash bond markets. CESR would be invited for its views on a broader range of questions and markets as part of a second tranche of assistance.
To view CESR's response, please go to the section Expert Groups/MiFID Level 3, or click here.
