What isthe Committee of European Securities Regulators?

The Committee of European Securities Regulators (CESR) was an independent group of European securities regulator which has been replaced by the European Securities and Markets Authority (ESMA). Until 1 January 2011, the group was part of the Lamfalussy Process, which helped develop financial service industry regulations used by the EU.

Where have you heard aboutthe Committee of European Securities Regulators?

You may have heard of the Committee of European Securities Regulators and the European Securities and Markets Authority as they’re responsible for introducing regulation that provides greater protection for investors.

What you need to know aboutthe Committee of European Securities Regulators.

Before it was replaced its purpose was to:

• Improve coordination among securities regulators in the Single Market by increasing transparency
• Act as an advisory group to the EU Commission in the field of securities
• Ensure implementation of community legislation in EU member states