CESR issues consultation paper on the use of reference data standard codes in transaction reporting

Article 25 of the Markets in Financial Instruments Directive (MiFID) requires investment firms, from 1 November 2007, to report all transactions they execute in instruments admitted to trading on regulated markets to their local Competent Authority. The Competent Authorities will exchange these reports in accordance with the provisions of MiFID and the Level 2 measures. The Committee of European Securities Regulators (CESR) has established a project to set up a mechanism for this exchange of

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