Following Consultation, CESR Announces The Changes Which Will Be Made To The Database Of Shares Admitted To Trading On Regulated Markets

CESR published a database of Shares listed on regulated markets on 3 July 2007. A further review of the requirements in the MiFID directive, as well as the needs identified by market participants during the first period of functioning of this database, have determined a need for additional functions and modifications to be made. In order to allow for a maximum number of market participants to provide their input, and in order to ensure that the new version of the database meets the needs of regulators and market participants alike, CESR has consulted on potential modifications for the database. This consultation closed on 21 January, and the responses are available on CESR’s website, in the section Consultations.

Following this consultation, a number of changes have been agreed upon, in order to allow for the smooth running of the database, facilitate updates, and ensure a clear presentation of the data for market participants. An updated version of the database will be made available at the latest by 5 March 2008.

CESR today publishes a document setting out the changes which will be made to the database, along with a protocol describing the tasks and responsibilities of CESR members and the CESR secretariat respectively.