Past Projects / SIGNING AUTHORITIES

The EFMLG is looking into the matter of signing authorities in connection standard market documentation. The work comprises the elaboration of a comprehensive overview of the national requirements in the EU and the elaboration of best practice recommendations inclusive of the preparation of a draft template power of attorney. The latter tries to reflect practical deficiencies (defective or unclear powers of attorney issued by market participants) that have been identified.

BEST PRACTICE STATEMENT re evidence of Corporate Authorisations for Financial Markets Agreements (May 2006)

DRAFT POWER OF ATTORNEY (May 2006)