Cesr Definition Investment Advice

10-798 Feedback Statement On Guidelines On Risk Measurement ...
The CESR advice also proposed investment management associations, Definition and scope of Global Exposure Questions: 1. Do you agree with the proposed Level 3 Guidelines for the definition and scope of global exposure? ... Access Full Source

Asset Management And Investment Funds Briefing New Rules On ...
CESR has elected to create two categories of money market fund: the law. Specific legal advice should . uropean Investment Bank. The definition does not E extend to non-EU government issues, such as US ernment securities. ... Read Full Source

Linklaters Stop Press
> New broad definition of automated trading, where HFT will be a sub- In keeping with CESR’s Technical Advice, and in response to concerns that investment advice should inform the client about the basis on which the ... Retrieve Content

CESR’s Guidelines On The Methodology For Calculation Of The ...
Following submission of CESR’s advice, Definition of ongoing charges to be disclosed 2. In the context of the KID, - directors of the UCITS if an investment company - the depositary - the custodian(s) - any investment adviser; ... Access This Document

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 Investment Banking Association) scope definition. ... View Document

Response To CESR’s Consultation On Draft Technical advice ...
Criterion of what constitutes investment advice is whether or not correspondence is As rightly noted by CESR, investment firms have little choice of execution venues for non- The definition of personal recommendations, specifically, ... Access This Document

MiFID Compliance A Competitive Differentiator
Business requirements and the definition of investment advice are set out in a Directive. CESR Committee of European Securities Regulators CSD Central Securities Depository EC European Commission EU European Union FIXML FIX Mark-up Language FpML ... View Doc

Financial Services Authority Conflicts Of Interest In ...
2 See the European Commission’s provisional mandate to CESR for technical advice on possible implementing measures markets concerning the future Directive on Financial Instruments Markets, 20 January 2004. The definition of ‘investment research’ will apply to research on commodities when it ... Read Here

10-1040 Technical Advice Client Categorisation 3
Definition of per se professional clients or per se ECPs that regional governments and public debt bodies include local authorities. 4 CESR’s Q&A on investment advice (CESR/10-293) made clear that knowledge about an individual’s desire for ... Fetch Full Source

Implementing MiFID’s Client Categorisation Requirements
And, although the definition of investment advice under MiFID is broadly similar to the existing FSMA definition of investment advice22, under MiFID, example, CESR Technical Advice on possible implementing measures of Directive 2004/39/EC on Markets in ... Access This Document

Markets In Financial Instruments Directive - Wikipedia, The ...
That said, the appropriateness of any investment advice or suggested financial transaction must still be verified before being given. Client order handling In April 2010 CESR issued consultation papers on MiFID review. ... Read Article

10-1254 Response To Commission Request For Additional ...
Definition of a transaction for the purpose of Regulation 1287/2006. CESR asked investment firms providing this service about the value of trades executed under their notwithstanding CESR's advice regarding energy derivatives, ... Fetch Content

EFAMA Welcomes CESR’s - EFAMA Home - Home
Investment strategy and to which each AIF is or can be In its advice, CESR should also consider the circumstances where assets Issue 19 ‐ Article 4 Definition of leverage 1. CESR is requested to provide the Commission with a description of relevant ... Doc Viewer

NY2-#669010-v1-Structured Thoughts - Issue 3
See also, CESR Advice to the European Commission on the Content and Form of Key MiFID definition of “financial instruments”). • When giving investment advice, the advisor must ensure (i) ... Doc Viewer

Stop Press - Linklaters - Global Law Firm
Committee of European Securities Regulators consults on client As the definition of per se professional client currently stands in MiFID, it products, and where investment advice is not provided, CESR is ... Retrieve Full Source

Draft 8th September 2005
CESR's Advice on Clarification of Definitions concerning Eligible Assets for Investments of • We consider that CESR's advice should recognise that the definition of financial whether an investment amounts to a transferable security for eligibility under article 19(1)(a) ... Retrieve Full Source

In This Issue, We Discuss The New Disclosure Document To Be ...
Also CESR’s technical advice to the European Commission in • the definition of upper and lower boundaries for the volatility of the returns (i.e., investment until maturity (and include a risk warning as to this assumption). ... Read Document