Investment Advice Cesr

CESR’s Technical Advice On Level 2 Implementing Measures On ...
2 INDEX I. Introduction II. Section I – Intermediaries Definition of investment advice (Art. 4.1) List of financial instruments – derivatives (Art. 4 – Annex I section C) ... Content Retrieval

CESR Technical Advice To The European Commission In The ...
CESR Technical Advice to the European Commission in the Context of the MiFID Review: Non-equity markets transparency Deadline for contributions: CESR invites responses to this as well as to investment firms trading outside RMs and MTFs. II. OBJECTIVE AND SCOPE ... View Full Source

CESR’s Issues Paper Can Hedge Fund Indices Be Classified As ...
Will be an eligible investment for UCITS, and also the extent to which such investments would have to comply with some of the investment limits set out in the Directive. 3. During the two rounds of public consultation on its eligible assets advice, CESR received ... Return Document

Committee Of European Banking Supervisors - Wikipedia, The ...
The chairperson of the Committee shall meet the chairpersons of the Committee of European Securities Regulators and of the Committee of European Insurance and Occupational Pensions Supervisors When providing advice on provisions applicable to both credit institutions and investment firms, ... Read Article

Response To CESR’s Consultation On Draft Technical advice ...
As rightly noted by CESR, investment firms have little choice of execution venues for non-liquid instruments, as is usually the case for instruments other than shares. The EBF therefore communication amounts to investment advice. ... Get Document

CESR S Technical advice To The European Commission On The ...
COMMITTEE OF EUROPEAN SECURITIES REGULATORS CESR, 11-13 avenue de Friedland, 75008 Paris, France - Tel +33 (0)1 58 36 43 21, web site: www.cesr.eu ... Read More

CESR advice On Clarification Of Definitions Concerning ...
CESR advice on clarification of definitions concerning eligible assets for investments of UCITS The Institutional Money Market Funds Association by the Investment Management Association about other aspects of CESR’s draft advice, in ... Get Content Here

Understanding The Definition Of advice Under MiFID - Esma |
Receive investment advice. CESR is of the opinion that whether the client exercises control over the undertaking is not a distinguishing factor when determining whether the client seeks corporate finance advice or investment advice. This ... View Full Source

CESR’s Guidelines Concerning Eligible Assets For investment ...
In October 2004 the Commission issued a mandate to CESR requesting its technical advice – in its capacity as an independent advisory group 6 “CESR’s guidelines concerning eligible assets for investment by UCITS” (CESR/07-044, March 2007). - 4 - ... View This Document

Date: 20 January 2004 Ref.: CESR/04-022
Provision of investment advice and conflicts of interest. Standards for regulated markets and multilateral trading request CESR to submit its advice on the appropriate measures to implement the Directive by 31 January 2005. ... Visit Document

CESR’s Guidelines On The Methodology For Calculation Of The ...
Following submission of CESR’s advice, the European Commission began work to prepare the level 2 implementing measures that would support the requirements of the revised UCITS - directors of the UCITS if an investment company - the depositary - the custodian(s) ... View This Document

Investment advice? CESR must consider the implications of terming filtered information on websites as Investment Advice under MiFID. There are very many price comparison websites that request information from the client then carry out a filtering function and suggest ... View Doc

CESR Technical Advice To The European Commission In The ...
Which to judge the quality of investment advice. CESR does not therefore think it is appropriate to include investment advice in the scope of a recording requirement. 35. The specific conversations and communications that CESR believes should be recorded in relation to ... Retrieve Full Source

ESBG Response To CESR Consultation Paper On Understanding The ...
Diagram for the evaluation of the investment advice. CESR paper is structured around the diagram: “the five key tests for investment advice”. This diagram is well-founded on the requirements included in the Directive that apply to the definition of investment advice. ... Access Document

Understanding The Definition Of advice Under MiFID
Industrial action, this will not involve investment advice, 77. CESR acknowledges that firms may face some uncertainty in trying to determine whether or not they are giving investment advice when providing corporate finance services. CESR ... Retrieve Content

EFAMA Welcomes CESR’s - EFAMA Home - Home
Investment strategy and to which each AIF is or can be exposed. In In its advice, CESR should also consider the circumstances where assets belonging to the AIF, are subject ... Fetch This Document

CESR’s Technical advice To The European Commission On Level ...
3 Executive Summary 1. CESR received a provisional request for technical advice on possible implementing measures concerning the future UCITS Directive (‘the mandate’) on 13 February 2009. ... Read Here

CONSULTATION PAPER: CESR Technical Advice To The European ...
CONSULTATION PAPER: CESR Technical Advice to the European Commission in the context of the MiFID Review – Client Categorisation The ea Consulting Group (eacg) welcomes this opportunity to respond to the above investment firm is subject to Articles 19, 21 and 22.’ 6 ... Fetch Content

S Complex? CESR Provides Technical Advice
For investment products or services other than the provision of investment advice or discretionary portfolio In its 2010 Advice, CESR states it gives great importance to pre-trade transparency and the need for investors to ... Access Full Source

09-4060 EFAMA REPLY TO CESR'S ADVICE ON RISK MEASUREMENT FOR ...
(minimum initial investment) or during the marketing process? No, we do not believe that UCITS using strategies that are potentially highly leveraged under the EFAMA Reply to CESR Technical Advice at Level 2 on Risk Measurement ... Fetch This Document