Central Bank updates its communication on regulatory flexibility for Securities Markets, Investment Management, Investment Firms and Fund Service Providers

Recognising the challenges faced by firms and market participants as a result of the COVID-19 crisis, in April 2020, the Central Bank communicated that it would allow a level of flexibility for regulated firms in certain specified areas. On 3 May 2022, the Central Bank updated its communication on this, in particular, to remove reference to a decision by the Department of Finance to exercise discretion to delay the application of the European Single Electronic Format (ESEF) Regulation for one year. Relevant issuers are reminded that they must apply ESEF reporting for financial years from 1 January 2021.