CESR’s Non-Equity Price Transparency Consultation

SIFMA, the European High Yield Association, the European Primary Dealers Association, the London Investment Banking Association, and the Associazione Italiana Intermediari Mobiliari provide comments to the Committee of European Securities Regulators (CESR) on the CESR’s Consultation Paper, Non-Equities Market Transparency.  The groups strongly agree with many of  the CESR conclusions in the consultation paper.  However, the groups believe that certain areas of the CESR’s analysis are either not accurate or require further clarification, or further consideration, before reaching any conclusions.