EC Asks Securities Regulators For Help on Code of Conduct

September 2008
Securities Industry News;9/8/2008, Vol. 20 Issue 31, p1
Trade Publication
The article reports on the request by the European Commission (EC) for the Committee of European Securities Regulators to identify interoperability delays in clearinghouses which were made under the EC Code of Conduct. Clearinghouses are facing problems with respect to regulation barriers in different countries and settlement of contracts. Under the EC Code of Conduct, a mediation mechanism to resolve the dispute between a requesting party and clearinghouse is indicated.


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