FEFSI welcomes the Extension of the Lamfalussy Procedure
Document group:
FEFSI Documents
FEFSI WELCOMES THE EXTENSION OF THE LAMFALUSSY PROCEDURE
FEFSI
1, as a staunch supporter of the European Commission’s efforts to make financial market regulation faster, better and more efficient, welcomed the new rule-making process for securities markets based on the ‘Lamfalussy Report’ when it was approved by the European Parliament inFebruary 2002.
A further welcome step was the entry into force of the new UCITS Directive in February 2002, conferring upon the UCITS Contact Committee limited regulatory powers in addition to its existing advisory function. These ‘pre-Lamfalussy’ powers, however, are not as far-reaching as the Lamfalussy procedure with regard to securities market regulation....
Document released:
15 November 2002
Author:
FEFSI
Contact the author on:
info@fefsi.be
