Tuesday, July 21, 2009

CESR assesses implementation of its Standard No. 2 on financial information on the co-ordination of enforcement activities

The Committee of European Securities Regulators (CESR) has published a peer review (Ref. CESR/09-188) and a self-assessment (Ref. CESR/09-212) on the application and implementation of CESR’s Standard No. 2 on financial information on the coordination of enforcement activities by National Enforcers across Europe. The reports were conducted in two stages: first, CESR Members self-assessed their application of each of the four principles of CESR’s Standard No. 2 by answering questions that have been established for each principle against a set of benchmarks. Second, CESR’s peer pressure group, the Review Panel, conducted a peer review of how National Enforcers applied the Standard. These reports are accompanied by a press release.