CESR announces that its network of transaction reporting systems (TREM) is working as of 1 November 2007. Three databases are accessible to users for full functioning of new market structures under the MiFID.
A consolidated European list of systematic internalisers, to provide the market with information regarding the firms engaged in systematic internalisation in Europe.
CESR recognises that the list is incomplete and that it may take some time before the list will be complete. This is due to the fact that investment firms may take the decision to become systematic internalisers at a later stage and/or that the obligation to communicate such a decision to the relevant CESR member may be delayed after 1 November.
CESR will conduct regular reviews of this list.
A database of on ‘Shares admitted to trading on EU regulated markets’ which assists market participants to identify Liquid Shares
The information included allows market participants to recognise liquid shares (which trigger the obligations for systematic internalisers according to Article 27) and to determine the block sizes for waivers from pretrade transparency requirements and delayed post-trade publication.
Further work to improve this database is foreseen in 2008 and a consultation regarding its functioning will be launched by no later than early December.
A database of Regulated Markets, MTFs and other Central Counterparties
CESR published, on behalf of its Members, three lists setting out identification codes for Regulated Markets, Multilateral Trading Facilities (MTFs) and other Central Counterparties.
Access to Databases
© CESR - Committee of European Securities Regulators
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