Committee of European Securities Regulators
The Committee of European Securities Regulators ( Committee of European Securities Regulators, CESR ) was a level 3 committee of the European Union (EU) within the Lamfalussy procedure . It was set up under the chairmanship of Baron Alexandre de Lamfalussy following a decision by the European Commission following the final report of the wise men and began its work on June 6, 2001. It was an independent committee of European securities regulators based in Paris . With European Commission decision of 23 January 2009 on the establishment of a European System of Financial CESR with effect from 1 January 2011 the European Securities and Markets Authority (European Securities and Markets Authority, ESMA) worked.
Task and composition
The task of the committee was to promote cooperation in the securities sector as part of the Lamfalussy process and to exchange information on a regular basis. The committee should help ensure that the guidelines of the European Community are implemented in a uniform manner and that the securities supervision practices of the member states converge. It should improve cooperation, including the exchange of information regarding individual monitored institutions.
The CESR was made up of high-level representatives from the EU's national securities regulators. Representatives from countries of the European Economic Area outside the EU enjoyed permanent observer status.
See also
- Committee of the European Banking Supervisors
- Committee of the European Supervisory Authorities for Insurance and Occupational Pensions
- Financial market supervision
- International organization of securities regulators
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- ↑ Lamfalussy report ( Memento of the original from March 24, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Recital 68 of REGULATION (EU) No. 1095/2010 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority), amending Decision No. 716/2009 / EC and Repeal of Commission Decision 2009/77 / EC (PDF)
