Cesr Investment Advice

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. ... Return Document

Replacing The UCITS Simplified Prospectus - March 2008
Work for investment funds – the UCITS Directive”, March 2007, section 5, pages 12 and 16 • drawing up a KID for each UCITS fund it 3 CESR advice, paragraphs 2.13 – 2.14 7 CESR advice, paragraphs 3.10 – 3.11 4 CESR advice, paragraphs 2.21 – 2.22 ... Content Retrieval

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

The Markets In Financial Instruments Directive And The Single ...
And the Single European Market in Investment Services London January 20, 2006 The Markets in Financial Instruments Directive, or MiFID, is a key component of the (CESR) for advice on Level 2 measures and CESR in turn consults with national regulators. 3 ... Content Retrieval

CESR Level 3 Recommendations On The List Of Minimum Records ...
CESR is hereby issuing a recommendation to its members with the content of the list of minimum Investment advice to retail clients (i) The fact that investment advice was rendered and (ii) the financial instrument that was recommended. ... Doc Viewer

CESR’s Technical advice At Level 2 On The Format And Content Of
EFAMA Reply to CESR’s technical advice at level 2 . on the format and content of . Key Information Document disclosures for UCITS (CESR/09-552) create a bias against investment in funds, as well as towards in-house funds to the detriment of open architecture. ... Read Here

A Consumer’s Guide To MiFID
Investment advice, it must ensure that its advice is suitable for you. When you are not receiving investment advice CESR is an independent Committee of European Securities Regulators which has contributed to the preparation of the MiFID legal texts. ... Visit Document

CESR Inducements Under MiFID - Financial Services Consumer Panel
Advice to the FSA, investment firm in relation to the provision of an investment or ancillary service to a client? We agree with this interpretation of Article 26. We welcome the news that CESR is to carry out a programme of work so that it can ... Document Viewer

Slaughter And May
On 19 April the Committee of European Securities Regulators (CESR) published a paper titled Inducements: investment advice, as an issuer of securities will never be acting in the capacity of an investor in relation to its own securities. ... Fetch Full Source

AFME, BBA And ISDA Joint Response To Committee Of European ...
European Securities Regulators (CESR) Technical Advice to the European Commission in the Context of the MiFID Review: Non-equity markets transparency Investment Banking Association) and the European operation of SIFMA (the Securities Industry and ... Retrieve Content

January 2011 InVest - AG Home - Addleshaw Goddard
Investment advice or discretionary management services to retail customers. It follows on from the CESR/ESMA for Technical Advice to the European Commission on possible Level 2 measures on Alternative Investment Fund Managers Directive ... View Full Source

Stop Press - Linklaters - Global Law Firm
Committee of European Securities Regulators consults on client classification under MiFID . products, and where investment advice is not provided, CESR is considering changing the way client categorisation works under MiFID ... Read Document

Clarification Of Definitions Concerning Eligible Assets For ...
• CESR’s Advice to the European Commission on Clarification of Definitions concerning Eligible Assets for Investments of UCITS, the collective investment undertaking. CESR guidelines concerning eligible assets for investment by UCITS: the classification of hedge fund indices ... Fetch Document

Asset Management And Investment Funds Briefing The KIID - A ...
Specific legal advice should be obtained where appropriate. informed investment decision. CESR recommends that a UCITS should follow general good practice guidelines about clear language and layout and suggests, for example, that the . ... Retrieve Here

Asset Management And Investment Funds Briefing A Summary Of ...
CESR . has issued technical advice to the European Commission on the level 2 measures relating to the format and content of KIID disclosures for UCITS. Summarised below are CESR’s investment product must be described in the KIID even if ... Access Doc

International Swaps And Derivatives Association International ...
‘investment firms’ because they are regarded as ‘bringing together CESR’s advice should reflect this approach, tailoring disclosure to clients’ needs. Q.7: Should the information provided by portfolio managers and firms ... View This Document

COMMISSION DE SURVEILLANCE Du SECTEUR FINANCIER
Investment and to all those that take part in the functioning and control of these undertakings Committee of European Securities Regulators (hereafter "CESR"): 1) CESR's guidelines concerning eligible assets for investment by UCITS ... Doc Retrieval

In This Issue, We Discuss The New Disclosure Document To Be ...
Also CESR’s technical advice to the European Commission in relation to the implementing measures. Additionally, we briefly summarise the feedback investment until maturity (and include a risk warning as to this assumption). ... Access Full Source

Markets In Financial Instruments Directive
Committee of European Securities Regulators [CESR] In order to ensure the consistent implementation of MiFID and to foster supervisory convergence among Member investment advice and/or reception and transmission of orders and/or execution of orders. ... Fetch Full Source