Type of practice:
6. MONITORING AND EVALUATION; 6.2. Outlining monitoring and evaluation arrangements: The Impact Assessment report provides a broad outline of possible arrangements to monitor nad evaluate the preferred option through CESR, ESME and an extensive and continuous dialogue with all major stakeholders, including market participants and consumers. The Commission will undertake the evaluation and this will start after three years. The situation will then be monitored to evaluate how Member Stated have implemented the changes of the Prospectus Directive.