CESR Looks for 'Super ECP'
A new consulting paper by the Committee of European Securities Regulators (CESR) on client classification for the Markets in Financial Instruments Directive (Mifid) is sure to throw investment banks for a loop when it comes to their know-your-customer (KYC) programs.
Written in response to specific queries from the European Commission (EC) on this topic, the paper’s authors do not come out and state specific suggestions, but rather put forward a number of ideas to solicit comments from the
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