Consultative paper from FESCO, February 2001

Download "Standards and Rules for Harmonizing Core Conduct of Business Rules for Investor Protection"

During its last meeting in Vienna, held on the 14th and 15th December 2000, FESCO members agreed to publish for consultation the paper on the proposal for the harmonisation of conduct business rules for investor protection (ref. FESCO/00-124b). The differences between the conduct of business regimes within the European Economic Area (EEA) are unanimously regarded as a major obstacle to the effective cross-border provision of investment services. Furthermore, the harmonisation of conduct of business rules is considered by the Financial Services Action Plan and by a recent Communication from the European Commission on upgrading the Investment Services Directive (ISD), as a priority for the achievement of an integrated securities market for investors, intermediaries and issuers alike. FESCO members undertook to work in the area of investor protection and particularly on the harmonisation of article 11 of the ISD.

Created 24.07.2003 Edited 14.11.2003

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