BBA, the AFME, ISDA and ICMA have responded to CESR's consultation on client categorisation under MiFID. The associations are happy with the current approach to categorisation and feel it provides the right level of protection to each category of customer. The response notes that customers may ask for a higher form of protection and says more would have done so had the levels that determine status been set too low. The associations support the planned changes in standards for ECPs to include a duty to act honestly, fairly and professionally, but stress the importance of disapplying most other rules to dealings between ECPs. The response also supports clarity on the position of local authorities but does not think there is any need for further distinctions or greater tests of knowledge of customers in certain categories.