European goal: an integrated securities market by 2003

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03 Jul 2001

The European Commission has created two key committees as part of its financial services action plan: a European Securities Committee (ESC) and a Committee of European Securities Regulators (CESR).

The ESC will be composed of high-level representatives of the Member States. It will advise the Commission on issues relating to securities policy. At a future date, it will also act as a regulatory committee. The CESR is set up as an independent advisory body composed of representatives of the national public securities regulatory authorities to advise the ommission on the technical details of securities legislation. The Commission's goal is to achieve an integrated European securities market by the end of 2003. Click for Commission's June 2001 Progress report on its Financial Services Action Plan (PDF 69k).

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