Over the year, ALFI participates in numerous consultations issued by European Institutions and industry associations.
Position Paper on CESR’s public consultation concerning best execution under MiFID (Ref: CESR/07-050b)- ALFI statements
ALFI welcomes CESR’s analysis on “Best execution under MiFID” published in its public consultation of February 2007. Having a common approach between regulators on this topic will be most helpful for market participants.
We are supportive of the positions taken by CESR in this consultation, but recognise that there is still a need, not addressed in this paper, for guidance on best execution in the context of quote-driven markets (where we understand CESR is in communication with the EU Commission).
ALFI welcomes CESR’s analysis on “Inducements and MiFID” published in its public consultation of December 2006. The document identifies many key issues from the point of view of the Luxembourg fund industry. As MiFID will impact the fund distribution chain, ALFI welcomes the opportunity to participate in this consultation process by
commenting on this analysis and by explaining its position regarding the issue of inducements under the Directive.
ALFI is the representative body of the 1.8 trillion Euro Luxembourg fund industry. It counts among its memb
ALFI would like to congratulate the Expert Group for the excellent report (the “Report”) it produced on Investment Fund Market Efficiency. ALFI also salutes the European Commission for having set up the Expert Group and facilitated its discussions. The document identifies the most important expectations of the industry and its opinion on how to achieve an integrated single market for investment funds. ALFI welcomes the opportunity to comment on this important paper and urges the Commission to act on those areas where there is an agreement from the industry
ALFI salutes the European Commission for the position paper (the “Green Paper”) entitled “The Enhancement of the Regulatory Environment for Investment Funds”. The document identifies key issues to achieve a single market for asset management. ALFI welcomes the opportunity to comment on this important position paper.
ALFI is the representative body of the 1.4 trillion euro Luxembourg fund industry. It counts among its membership asset managers from various horizons and a large variety of service providers. As one of