Committee for European Securities Regulators
The Committee of European Securities Regulators (CESR) is an independent committee of European securities regulators.
Each member of the European Union has one member on the Committee.
The members are nominated by the Member States and are heads of the national public authorities competent in the field of securities.
The European Commission is represented by its Director General.
The securities authorities of Norway and Finland are also represented on the Committee.
Purpose of CESR
The role of CESR is threefold:
- Improve coordination among securities regulators by developing operational network mechanisms to enhance day-to-day consistent supervision and enforcement of the Single Market for financial services.
- Act as an advisory group to assist the EU Commission in its preparation of draft implementing measures of EU framework directives in the field of securities.
- Work to ensure more consistent and timely day-to-day implementation of community legislation in the Member States. This work is carried out by the Review Panel under the leadership of CESR's Vice Chairman, and by two operational groups: CESR-Pol and CESR-Fin.
- Austria - Financial Market Authority
- Belgium - Commission Bancaire, Financiere et des Assurances
- Bulgaria - Financial Supervision Commission
- Cyprus - Cyprus Securities and Exchange Commission
- Czech Republic - Czech National Bank
- Denmark - Finanstilsynet
- Estonia - Estonian Financial Supervision Authority
- Finland - Rahoitustarkastus
- France - Autorite des Marches Financiers
- Germany - BaFin
- Greece - Capital Market Commission
- Hungary - Hungarian Financial Supervisory Authority
- Iceland - Financial Supervisory Authority
- Ireland - Financial Regulator
- Italy - Commissione Nazionale per le Societa e la Borsa
- Latvia - Financial and Capital Market Commission
- Lithuania - Lithuanian Securities Commission
- Luxembourg - Commission de Surveillance du Secteur Financier
- Malta - Malta Financial Services Authority
- The Netherlands - Autoriteit Financiele Markten
- Norway - Kreditilsynet
- Poland - Polish Financial Supervision Authority
- Portugal - Comissao do Mercado de Valores Mobiliarios
- Romania - Romanian National Securities Commission
- Republic of Slovenia - Securities Market Agency
- Slovak Republic - National Bank of Slovakia
- Spain - Comision Nacional del Mercado de Valores
- Sweden - Finansinspektionen
- United Kingdom - Financial Services Authority