Monitoring Group of the Code of Conduct on Clearing and Settlement

On 7 November 2006, trading and post-trading infrastructures signed the Code of Conduct on clearing and settlement. The Code aims to enhance transparency and increase competition in the post-trading sector.

To monitor implementation of the Code, the Commission set up the Monitoring Group of the Code of Conduct on Clearing and Settlement (MOG). MOG was chaired by the Commission and consisted of representatives from Internal Market and Services DG (MARKT), Economic and Financial Affairs DG (ECFIN) and Competition DG (COMP) as well as the European Central Bank (ECB) and the Committee of European Securities Regulators (CESR).  The group was wound up in 2010.

Meetings

Date	Document	Reference
15.03.2010	Agenda	MOG/1/2010
	Report
	Participants
29.10.2009	Agenda	MOG/3/2009
	Report
	Participants
07.07.2009	Agenda	MOG/2/2009
	Report
	Participants
03.02.2009	Agenda	MOG/1/2009
	Report
	Participants
29.10.2008	Agenda	MOG/4/2008
	Report
	Participants
09.07.2008	Agenda	MOG/3/2008
	Report
	Participants
09.04.2008	Agenda	MOG/2/2008
	Report
	Participants
21.01.2008	Agenda	MOG/1/2008
	Report
	Participants
10.10.2007	Agenda	MOG/4/2007
	Report
	Participants
11.07.2007	Agenda	MOG/3/2007
	Report
	Participants
20.04.2007	Agenda	MOG/2/2007
	Report
	Participants
22.01.2007	Agenda	MOG/1/2007
	Report
	Participants

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Documents

Date	Document
15.03.2010	FESE, EACH and ECSDA – Joint Status Update of the Code of Conduct
	AFM, DNB & FSA - Interoperability: Regulatory Expectations
29.10.2009	FESE, EACH and ECSDA – Implementation progress towards the Code of Conduct
	ECSA presentation
	SWIFT - Trade2Clear: A market practice for Trading Venues to CCP flows
	ECB - Price examples for CSDs
07.07.2009	FESE, EACH and ECSDA – Implementation progress towards the Code of Conduct
03.02.2009	FESE, EACH and ECSDA – Implementation progress towards the Code of Conduct
	User views on the implementation of the Code
29.10.2008	FESE, EACH and ECSDA – Implementation progress towards the Code of Conduct
09.07.2008	FESE, EACH and ECSDA – Implementation progress towards the Code of Conduct
09.04.2008	ECB and ECSDA - Price transparency
	ECSAs - Feedback in relation to price transparency and comparability implementation
	ECSAs - Feedback in response to the implementation of the Code of Conduct
	ESF - Access and Interoperability: Market users' demand (position paper)
	FESE, EACH and ECSDA – Implementation progress towards the Code of Conduct
	LIBA - Summary views from London
	Informal ECOFIN press release on EU financial markets infrastructures
21.01.2008	ECSAs presentation on service unbundling and accounting separation
	ECSAs presentation on implementation of the Code of Conduct so far
	LIBA and ESF - Letter on Code of Conduct
	FESE, EACH and ECSDA – Implementation Progress towards the Code of Conduct
10.10.2007	ECSAs presentation
	EPDA, ESF, ICMA and LIBA - Monitoring Compliance with the Code of Conduct
	FESE, EACH and ECSDA – Implementation Progress towards the Code of Conduct
11.07.2007	ECSAs report on price transparency
	ECSAs presentation on access and interoperability
	EPDA, ESF, ICMA and LIBA - Monitoring compliance with the Code of Conduct
	FESE, EACH and ECSDA – Implementation Progress towards the Code of Conduct
	Terms of Reference for the Code’s external audit process
20.04.2007	Joint statement from DG MARKT and DG COMP on private discounts and ex-post rebates
	ECSAs report on price transparency (The report is and will remain a work in progress over the coming months.)
	ESFA, EPDA, ESF and ICMA - Monitoring compliance with the Code of Conduct
	FESE, EACH, ECSDA – Implementation Progress towards the Code of Conduct
	Price Transparency: Implementation Analysis
22.01.2007	Issues for discussion
	ECSDA implementation report for the price transparency phase of the Code of Conduct
	EACH interim report regarding price transparency
	Annex
	FESE report on the implementation of price transparency measures