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

Sii Investment Advice Certificate

Certificate In Securities
RESPONSIBLE INVESTMENT ADVICE 3.1 Ethical and socially responsible investment ELEMENT 4 INVESTMENT RISK 4.1 Investment returns and risk measurement The SII Certificate programme is a comprehensive range of qualifications designed specifically to meet the ... Read Full Source

Certificate In Investment Management - Investment Research ...
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Cesr Guidance Investment Advice

CESR advice On Clarification Of Definitions Concerning ...
By the Investment Management Association about other aspects of CESR’s draft advice, in particular emphasising: CESR’s draft advice provides guidance on this definition, specifically on the meaning of ‘normally ... Access Content

09-4060 EFAMA REPLY TO CESR'S ADVICE ON RISK MEASUREMENT FOR ...
EFAMA REPLY TO CESR’S TECHNICAL ADVICE AT LEVEL 2 We also believe that CESR should refer for guidance to the Level 3 “Risk Management 1 EFAMA is the representative association for the European investment management industry. ... View Doc

Markets In Financial Instruments Directive
Annex 1 CESR guidance: Best Execution under MiFID - Questions and Answers Annex 2 CESR guidance: Inducements under MiFID - Recommendations. 2 investment advice and/or reception and transmission of orders and/or execution of orders. ... Fetch Document

CESR ROVISIONAL EQUEST TO FOR ECHNICAL DVICE ON OSSIBLE EVEL ...
Employed in the alternative investment fund management industry. CESR's work in this area should take due account of the need for In its advice, CESR should take into account the legal structure of the AIF In its advice, CESR should take into account the guidance provided in recital ... Doc Retrieval

Asset Management And Investment Funds Briefing The KIID - A ...
Technical advice to the European Commission on the informed investment decision. CESR recommends that the investment, including appropriate guidance and warnings in relation to the risks associated with investment in the UCITS. ... View Doc

CESR’S RECOMMENDATIONS - AMF - Autorité Des Marchés ...
• CESR’s Advice (July submission) include specific guidance for the preparation of such statements, the IAS/IFRS principles should usefully be investment undertaking and the methodology to be employed in pursuing that strategy, ... Get Document

Clarification Of Definitions Concerning Eligible Assets For ...
• CESR’s Advice to the European Commission on Clarification of Definitions CESR’s guidelines provides guidance on how to assess whether the corporate the collective investment undertaking. CESR guidelines concerning eligible ... Access Full Source

Date: 20 January 2004 Ref.: CESR/04-022
Provision of investment advice and conflicts of interest. request CESR to submit its advice on the appropriate measures to implement the Directive by 31 January 2005. guidance and standards agreed amongst regulators in CESR. ... Document Viewer

CONSULTATION PAPER: CESR Technical Advice To The European ...
CESR Technical Advice to the European Commission in the context of of fundamental importance to both clients and the investment industry. Following the additional guidance provided on the MiFID Q & A website in ID249, ... Fetch Content

CESR S Technical advice To The European Commission On The ...
Objectives and investment policy 17. CESR‟s advice proposes that the KID should describe the objectives and investment policy guidance in all cases. It was considered that even if the advice was not clear as regards what ... Fetch Doc

Market Abuse Rules February 2012 - Central Bank Of Ireland - Home
The Investment Funds, Companies and Miscellaneous Provisions Act, CESR. 1. Guidance and Information on the Common Operation of the Market Abuse It is not the policy of the Central Bank to provide legal advice on matters arising pursuant to the ... Doc Viewer

Understanding The Definition Of advice Under MiFID
Providing practical guidance to firms that do not wish to give investment advice: CESR acknowledges the practical challenge faced by firms in needing to make a case-by-case investment advice. CESR received some responses in relation to this but, owing to the ... Fetch Content

CESR Inducements Under MiFID - Financial Services Consumer Panel
Advice to the FSA, investment firm in relation to the provision of an investment or ancillary Do you agree that it would not be useful for CESR to seek to develop guidance on the detailed content of the summary disclosures beyond ... Get Content Here

Website Mandate CESR-CEBS
Request for joint CESR/CEBS advice on commodity derivatives investment services in relation to commodity and exotic derivatives and across Issuing clarifying guidance as to the meaning of the various exemptions, and if so, ... Return Document

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 the investment, including appropriate guidance and warnings in relation to the risk associated with investment ... Doc Viewer

Markets In Financial Instruments Directive - Wikipedia, The ...
The appropriateness of any investment advice or suggested financial transaction must still be verified before being given. It has incorporated MiFID into its Handbook of rules and guidance. In April 2010 CESR issued consultation papers ... Read Article

MiFID Guidance Note
Firms are advised to seek legal advice if in any 4 www.cesr-eu.org 5 Investment Service Providers Supervision Division 6 Investment Business Services provided in Regulation 2(1) legislation and in CESR‟s recommendations and guidance. ... Access This Document

January 2011 InVest - AG Home - Addleshaw Goddard
Guidance, FSA changes to the current training and supervisory regime, an EC investment advice or discretionary management services to retail customers. regarding CESR’s technical advice on the implementing ... Get Document