Publication of the Central Bank (Investment Market Conduct) Rules 2019 and accompanying Guidance

On 21 July 2019, the Central Bank (Investment Market Conduct) Rules (S.I. No. 366 of 2019) came into force. The Central Bank (Investment Market Conduct) Rules consolidate all Central Bank imposed primary market requirements into a single statutory instrument and are issued under Part 23 of the Companies Act 2014.

The Central Bank (Investment Market Conduct) Rules repeal the Prospectus Rules, Transparency Rules and Market Abuse Rules previously issued by the Central Bank.

To coincide with the coming into force of the Central Bank (Investment Market Conduct) Rules, on 22 July 2019 the Central Bank published updated Guidance on the Prospectus Regulatory Framework, updated Guidance on the Transparency Regulatory Framework and updated Guidance on Market Abuse Regulatory Framework.

The Central Bank also published the Second Edition of the Transparency Regulatory Framework Q&A which includes new Q&A ID 1005.

More information:

https://www.centralbank.ie/regulation/industry-market-sectors/securities-markets/prospectus-regulation/Regulatory-Requirements-Guidance

https://www.centralbank.ie/regulation/industry-market-sectors/securities-markets/transparency-regulation/regulatory-requirements-guidance