Enighed om charter for Committee of European Securities Regulators


De europæiske børstilsyns samarbejdsorganisation, FESCO, har udarbejdet et charter for den nye europæiske Værdipapirtilsynskomite, RESCO. Komiteen nedsættes som følge af, at der også nedsættes en ny Værdipapirkomite i EU. De to komiteer er i fællesskab et vigtigt led i effektiviseringen af reguleringen af børsområdet i EU.

RESCO skal bestå af ledende medarbejdere fra børstilsynene i EU- og EØS-landene, og den skal blandt andet rådgive Komissionen og Værdipapirkomiteen i spørgsmål af tilsynsmæssig relevans på børsområdet. Derimod vil RESCO ikke få besluttende kompetence overfor medlemsstaterne i EU.

Samarbejdet mellem børstilsynene vil blive videreført og udbygget i det nye RESCO, og derfor vil FESCO ophøre med at eksistere i sin nuværende form.

Der henvises i øvrigt til vedlagte pressemeddelelse fra FESCO.

Agreement on the Charter of the committee European Securities Regulators("RESCO")

Following the Final Report of the group of Wise Men on the Regulation of European Securities Markets, chaired by baron Alexandre Lamfalussy, the European Council Resolution of Stockholm, the Resolution of the European Parliament of March 2001 and the decision of the European Commission of June 6, 2001 establishing the Committee of European Securities Regulators, the members of FESCO have agreed on a draft charter defining the operational arrangements of the new Committee.

The first meeting of the Committee will take place on September 11, 2001 to approve formally the charter. The understandings, standards, commitments and work agreed within FESCO will be taken over the new Committee.

The Chairman of FESCO, Mr Georg Wittich, said : "This new charter reflects the wish of the network of national securities regulators, that have successfully worked within FESCO in the last three years, to go a step further and fully play the role assigned to them in the Lamfalussy Report, the Stockholm Resolution of the European Council, the March Resolution of the European Parliament, and the recent decision of the European Commission. We look forward to work, in an open and transparent manner vis-à-vis practitioners and consumers, for a more effective and integrated regulation of securities markets in Europe." In detail, the charter foresees that :
  • Each member state of the European Union will designate a senior representative from the competent authorities in the securities field to participate in the meetings of the Committee. Competent authorities from the countries of the European Economical Area, who are not members of the Union, will also participate but not in decision making;
  • The Committee will be chaired by one of the members elected for two years and assisted by a vice-chair. The Committee will establish close operational links with the European Commission : a representative of the European Commission will be entitled to participate actively in all debate, except when the Committee discusses confidential cases. The Chair of the Committee will report as requested, to the European Parliament. The Committee will submit an annual report to the European Commission, as well as to the European Parliament and the Council. The Chair of the Committee will participate in the meetings of the Securities Committee as an observer;
  • The role of the Committee will be to advise the European Commission on securities policy issues and respond to mandates in respect to the preparation of implementing measures. The Committee will also develop effective mechanisms to promote consistent day to day regulatory practices. It will issue guidelines, recommendations and standards that will be implemented by the Committee members on a voluntary basis;
  • The Committee will meet at last four times a year and establish expert and/or permanent groups. It will work in an open and transparent manner, in particular the Committee will use the appropriate processes to consult (both ex-ante and ex-post) market participants, consumers and end users which may include inter alia: concept releases, consultative papers, public hearings and roundtables, written and Internet consultations, public disclosure and summary of comments, national and/or European focused consultations. For the purpose of facilitating the dialogue with market participants and consumers, the Committee may establish working consultative groups;
  • The secretariat will be composed of a full-time secretary general and other permanent and seconded staff, working under the responsibility of the Chair. The Committee will function with an annual budget based on annual contributions of the members.
For further information please contact:

Fabrice DEMARIGNY, Secretary General :

Tel : + 33 1 53 45 63 61

Fax : + 33 1 53 45 63 60

fdemarigny@europfesco.org

Home Page : www.europefesco.org
 

Oprettet d.  24.07.2003  og sidst redigeret d.  13.11.2003