Examples of CESR in a sentence
In CY this power is exercised by the CESR Member in case of investment firms and the other two competent authorities (Central Bank of Cyprus and ASDCS) in respect of credit institutions and cooperative credit institutions respectively.
They are tasked with activities central to assuring the quality of medical education such as writing the curriculum and assessment systems, reviewing applications for new posts and programmes, provision of external advisors to deaneries and recommending trainees eligible for CCT or Certificate of Eligibility for Specialist Registration (CESR).
A first consultation paper regarding the CESR standards on investor protection was issued in October 2003.
CESR is an independent Committee of European Securities Regulators.
The Financial Supervisory Authorities may use the Level 3 committees (CEBS, CESR, CEIOPS) or Colleges of Supervisors (where they are in place) to facilitate coordination between Supervisory Authorities; Central Banks may use, inter alia, the ESCB Committees (Banking Supervision Committee, Market Operations Committee, Payment and Settlement Systems Committee); and the Financial Ministries may use the Financial Services Committee to foster cooperation in normal times.
In particular, CESR stated that it would discuss the application of Article 23.4 of the Prospectus Regulation with the aim of permitting the omission of certain information requirements contained in the Annexes, on the basis that they may not be pertinent to the specific case of an offer to employees.
The MMF Guidelines adopted by the Committee of European Securities Regulators (CESR) to create a minimum level playing field for MMFs in the Union were implemented one year after their entry into force only by 12 Member States thus demonstrating the persistence of divergent national rules.
CESR recommends issuers to insert in any translation of a prospectus a statement that clarifies that the document is a translation of the approved prospectus made under the sole responsibility of the person responsible for the approved prospectus.
To answer this question CESR analyzed the case of an issuer that started up its operations in 1 November 2005 and prepared audited historical financial information as of 31 December 2005 (as required by national accounting legislation).
Following the Commission’s request, CESR published a statement in December 2007 (CESR/07-825) stating that it was its intention to analyse the possibility of agreeing a short-form disclosure regime for offers to the employees in those cases where a prospectus is required and requesting market participants views.