Committee of European Securities Regulators

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The Committee of European Securities Regulators (CESR) was an independent committee of European Securities regulators in the Lamfalussy process established by the European Commission on June 6, 2001.[1]

The role of this committee was to

  • Improve the coordination among securities regulators
  • Act as an advisory group to assist European Commission
  • Work on implementation of community legislation in EU member states

The other Level-3 committees in the Lamfalussy process were the Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS).

On 1 January 2011, the CESR was replaced by the European Securities and Markets Authority (ESMA), which is part of the European System of Financial Supervision.

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