Cesr outlines transparency plans for Mifid revision

Exchange-traded funds and other equity-like instruments would be subject to the same transparency rules as shares, under proposed changes to European financial market regulations published today. The Committee of European Securities Regulators (Cesr) listed its recommendations for changes to the Markets in Financial Instruments Directive (Mifid), which came into force in 2007, including an expansion of existing transparency requirements to include exchange-traded funds, certificates and depos