*SEC and CESR launch work plan focused on financial reporting.(SECURITIES/SECTION 20/BROKER-DEALER)(Securities and Exchange Commission)(Committee of European Securities Regulators)

Publication: Banking & Financial Services Policy Report

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COPYRIGHT 2006 Aspen Publishers, Inc.

The SEC and the Committee of European Securities Regulators (CESR) published on August 2 a joint work plan that will be implemented immediately. The work plan is a direct output from the December 2005 meeting between SEC Chairman Christopher Cox and CESR Chairman Arthur Docters van Leeuwen, at which they emphasized their desire to build on the dialogue between the SEC and CESR in a concrete and practical manner.

The work plan will serve to guide the SEC-CESR Dialogue in the immediate future. (See previous announcement relating to the SEC-CESR Dialogue at http://www.sec.gov/news/press/2004-75.htm.) The main focus of the work plan is the application by internationally active companies of...

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