EFAMA has responded to:

  • the Commission on its consultation on CSDs and securities settlement: it supports the Commission's aims and largely agrees with its proposals. Its members have a particular view on appropriate settlement periods;
  • the Commission on the IMD review: its main concern is that the Commission's plan to use separate legislative instruments to implement the PRIPs initiative may lead to lack of a harmonised approach; and
  • IOSCO on dark pools: it welcomes IOSCO's conclusions and principles relating to dark liquidity.

(Source: EFAMA reply to European Commission consultation paper on Central Securities Depositories (CSDs) and on harmonisation of certain aspects of securities settlement in the European Union, EFAMA reply to the Commission's Staff Working Document on the review of the Insurance Mediation Directive and Letter: Public Comments on issues raised by dark liquidity)