Consultation
Consultation paper on CESR's/CEBS's technical advice to the European Commission on the review of commodities business (CP 3L3 08 02)
Start Date: 15/05/2008
The Committee of European Securities Regulators (CESR) and the Committee of European Banking Supervisors (CEBS) are publishing today a consultation paper (CP 3L3 08 02) regarding the Joint Call for Technical Advice related to the review under Articles 65(3)(a), (b) and (d) of MiFID and Article 48(2) of the Capital Adequacy Directive (CAD III) issued by the European Commission in December 2007.
Following up on previous work, CESR and CEBS have been asked to give advice to the European Commission on certain issues concerning the regulatory treatment of firms that provide investment services in relation to commodity and exotic derivatives. In particular, the views of the Committees are sought on whether the MIFID and CAD treatment of this type of firm continues to support the intended aims of market and prudential regulation.
Responses
- French Association of Investment Firms (AFEI)
- Energy Commodity Traders Group (ECT-Group)
- Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR)
- Union of the Electricity Industry (Eurelectric)
- London Metal Exchange (LME)
- Markit
- Platts a division of the McGraw-Hill Companies (Platts)
- WMBA and LEBA
- Triland Metals Limited (Triland)
- Energy Trading B.V. (VDM)
- Accociation of Local Utilities (VKU)
- ISDA-FOA-EFET
- German Association of Energy and Water Industries (BDEW)
- EDF Trading