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CESR gives advice on MiFID Back  
The Committee of European Securities Regulators (CESR) has submitted its second technical advice to the European Commission under the Directive on Markets in Financial Instruments (MiFID). MiFID forms one of the cornerstones of the EU’s securities regulatory regime.
The advice covers issues on which advice was requested in the formal mandate from the European Commission on 25 June 2004 and includes, amongst other things, clarifications on the scope of the
Directive (definition of investment advice and commodities derivatives), some aspects of regulation on intermediaries and all areas on market transparency and requirements for admission to trading of financial instruments.

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