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U.S. (CFTC) And EU Regulators, Through CESR, Take Joint Steps To Respond To Industry Concerns And To Facilitate Transatlantic Business By Use Of Online Guides

Date 15/05/2006

To enhance transparency in the transatlantic derivatives business, a joint task force of regulators from the Committee of European Securities Regulators (CESR) and the U.S. Commodity Futures Trading Commission (CFTC) today published ‘Frequently Asked Questions’ in the form of “online guides” for conducting derivatives business in the U.S. and the European Union (EU). These guides include country specific information regarding regulation and supervision in the U.S. and in Europe, with information provided by CESR members in Germany, Ireland, Luxembourg, the Netherlands, Poland, Sweden and the UK. Further country profiles will be added for other European countries in the coming months. This publication is accompanied by a press release.