associations to market participants in June. How did buy telemarketing data the market react? Are there any comments that you will include in your bill?
— I can’t say that market participants were completely happy with the propos changes. Why? Because for them, firstly, there is an additional regulatory risk, they ne to rebuild the systems, and secondly, they talk about the burden. But basically, three comments from market participants can be highlight.
The first is, in principle, the general
question “why is this necessary?” I think I have already answer it above, we told the same thing to market participants. The second serious question was whether there would be duplication of requirements for financial and banking holdings and groups? We explain that a holding or group would be regulat only by one rule.
And the third point, which we also discuss,
and market participants spoke about it: if companies have an additional burden, then the requirements for something else ne to be ruc. The requirement is some of the program’s strengths are: completely clear, and in addition to those things relat to identification and outsourcing, which I have already mention, we will carefully look again at the types and forms of reporting that exist now. This does not mean america email that consolidat reporting can replace reporting on a solo basis, but perhaps we will find some opportunities to slightly ruce the burden associat with the new consolidat reporting.