Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-09-23-Speech-2-320"
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"en.20030923.11.2-320"2
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".
Mr President, I begin by thanking the rapporteur for her report. It certainly improves the Commission's text in some places, while ensuring that the goals of high investor protection and market efficiency are adequately respected.
We know it was a very difficult debate, but Parliament has demonstrated a great willingness to compromise and find a workable solution. Let me also pay tribute to the Chairman of the Committee on Economic and Monetary Affairs, Mrs Randzio-Plath, who, true to her word, has helped drive forward on time the financial services action plan. In particular, we welcome the efforts of the rapporteur in reaching a compromise on two major points.
Firstly, as you know, pre-trade transparency was one of the principles of the Commission's proposal, in order to ensure market efficiency and investor protection. We are very pleased that the principle is kept in the proposal, but it has been adapted in a pragmatic way. Secondly, we appreciate the work carried out on the suitability test - Article 18. I consider this to be a good basis for working out a solution that is adapted to the specificities of each type of service and it will help to complete our proposal in this respect."@en1
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