Central Bank of Ireland Markets Update Issue 5 2017 - 25 July 2017 International Organization of Securities Commissions (IOSCO) IOSCO Reports on Central Clearing Counterparties IOSCO Open-ended Fund Liquidity and Risk Management – Good Practices and Issues for Consideration IOSCO Consultation on CIS Liquidity Risk Management Recommendations IOSCO Criteria for identifying simple, transparent and comparable short-term securitisations European Banking Authority (EBA) EBA launches supplementary data collection to support the new prudential framework for investment firms Central Bank of Ireland CP 111: Consultation Paper on the Second Edition of the Central Bank Investment Firms Regulations Department of Finance publishes Feedback Statement on the national discretions contained in MiFID II New Prospectus Regulation published in the Official Journal ESMA consults on technical advice under the new Prospectus Regulation ESMA Recommendations and Guidelines ESMA updates co-legislators on MiFID II implementation ESMA seeks volunteers for field tests of the European Single Electronic Format (ESEF) ESMA issues statement on preparatory work in relation to CFDs, binary options and other speculative products ESMA provided market size calculations for MiFID II ancillary test ESMA sees continued decline in number of prospectus approvals European Supervisory Authorities publish Q&A on the Key Information Document (KID) ESMA provides interim transparency calculations for MiFID II ESMA publishes Benchmarks Regulation Q&A on transitional provisions ESMA provides market size calculations for MiFID II ancillary test ESMA appoints new member to its Management Board ESMA proposes simplifications for prospectuses ESMA updates MiFID II/ MIFIR Investor Protection Q&A ESMA publishes new Q&A on Alternative performance measures guidelines ESMA publishes updated AIFMD and UCITS Q&A ESMA consults on certain aspects of the MiFID II suitability requirements ESMA consults on guidelines regarding internalised settlement reporting ESMA provides guidelines for supervisory cooperation regarding CSDs ESMA updates MAR Q&A ESMA letter to European Commission on third-country regimes ESMA consults on the evaluation of the short-selling regulation ESMA issues final standards for publication of derivatives data ESMA issues sector-specific principles on relocations from the UK to the EU27 ESMA updates Q&A on MiFID II implementation ESMA issues positive opinion on renewal of short selling ban by Spanish CNMV ESAs consult on amendments to technical standards on the mapping of ECAIs ESMA recommends improvements in financial information enforcement ESAs’ Joint Board of Appeal decides on FinancialCraft Analytics appeal against ESMA’s registration decision ESMA to cooperate with Indian regulators on CCPs ESMA publishes opinion on asset segregation and applying depositary delegation rules to CSDs ESMA updates market size calculations for MiFID II ancillary test ESMA reviews the application of IFRS 13 – Fair value measurement requirements Please note that this Markets Update is intended to be a general summary only and does not purport to constitute an interpretation of, or the Central Bank’s position on, any of the legislative provisions, rules, requirements or guidance referenced herein. In case of any doubt, you should refer to the relevant legislative provision, rule, requirement or guidance document as applicable. The staff of the Central Bank are not authorised and cannot give you legal advice; you should seek this from your own legal advisor, if required.