CESR Discusses Alternative Instrument Identifier

PARIS-The Committee of European Securities Regulators (CESR) is discussing the introduction of an alternative instrument identifier (AII) to help firms identify derivatives and meet the transaction reporting requirements of the Markets in Financial Instruments Directive (MiFID).

MiFID, which becomes law in Europe on November 1, has led to a debate on instrument identification, as ISIN codes do not allow for unique identification of all asset classes.

With less than two months to the deadline, CESR

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