TBMA and Other Associations Submit Comments to FESCO on Conduct of Business Proposals
The Bond Market Association (TBMA)*, the Futures and Options Association, the International Primary Market Association, the International Securities Market Association, the International Swaps and Derivatives Association (ISDA), and theLondon Investment Banking Association(LIBA) provide comments to the Forum of European Securities Commissions (FESCO)on FESCO’s consultative document, Standards and Rules for Harmonising Core Conduct of Business Rules for Investor Protection. The groups share the immediate concerns on the potential harmful effects the FESCO proposals threaten in a number of important areas.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.