Aide memoire of the 8th meeting of the European Financial Markets Lawyers Group

***

8th meeting of the European Financial Markets Lawyers Group

27 February 2002

[Room CII, 36th floor, at the ECB in Frankfurt]

Agenda

ITEM 1: Approval of the agenda and of the aide-mémoire of the last meeting

ITEM 2: Short-term securities

Presentation of the DG-LS report and general discussion on the issue. Establishment of an EFMLG sub-group.

Document: Draft report on the money market: Legal aspects of euro area short-term securities, cover letter to EFMLG, Annex 1 - Certificates of deposit, Annex 2 - Commercial paper, Annex 3 - Medium-term notes, background documentation

ITEM 3: Repurchase transactions

Presentation of the completed survey and discussion of a draft memorandum outlining the issues to be resolved.

Documents: Survey on repos in European countries; draft memorandum

ITEM 4: Hague Convention on indirectly held securities

Presentation of the meeting of the Hague Conference in January 2002 and discussion on possible EFMLG reaction.

Document: Latest draft of the Hague Convention

ITEM 5: Issues of relevance to the Financial Markets

•  Up-date and exchange of views on the EU developments on market abuse, prospectuses and the Lamfalussy procedures.

•  Exchange of views on the revival of the take-over directive.

•  Discussion on the Force Majeure draft statements, if seen necessary:

Document: definitions

•  computer breakdowns

Document: Draft EFMLG statement proposing a market standard [not available]

•  strikes

Document: Draft EFMLG statement containing a best practise recommendation with explanatory recitals, assessment

•  termination and close-out of trades under master agreements

Document: Draft EFMLG statement to the sponsors of market documentation [not available]

•  multi-branch issue

Document: Draft EFMLG statement to the sponsors of market documentation [not available]

Other issues and general discussion

ITEM 6: Other issues

a) Website

Status report

b) Next meeting

BACK TO TOP