Central Bank of Ireland Markets Update Issue 10 2020 - 09 October 2020 Central Bank of Ireland Central Bank publishes amending regulations and frequently asked questions relating to additions to pre-approved control functions. Central Bank publishes the thirty-fifth edition of the Central Bank AIFMD Q&A document Central Bank publishes the thirtieth edition of the Central Bank UCITS Q&A document ESAs launch survey on environmental and/or social financial product templates European Securities and Markets Authority (ESMA) ESMA publishes updated Q&As on securitisation topics and Guidelines on Portability of Information between Securitisation Repositories ESMA announces update to reporting under the Money Market Funds Regulation ESMA faces new set of challenges in 2021 ESMA responds to EU Green Bond Standard consultation ESMA updates statements on the impact of Brexit on MiFID II/MiFIR and the Benchmarks Regulation ESMA releases statement concerning the applicability of Level 3 guidance under the Prospectus Directive ESMA Publishes Final Report for Guidelines on Internal Control ESMA updates regulatory technical standards (RTS) under the Benchmarks Regulation (BMR) ESMA proposes amendments to the MiFIR transparency regime for non-equity financial instruments ESMA updates Q&A on data reporting under EMIR ESMA updates Q&A on MiFIR reporting ESMA publishes draft rules for third-country firms under new MiFIR and MiFID II regimes ESMA to recognise three UK CCPS from 1 January 2021 ESMA consults on Fees for Benchmarks Administrators ESMA reports decrease in prospectus activity for 2019 ESMA consults on OTF regime ESMA consults on MiFIR reference data and transaction reporting ESMA publishes outcomes of MAR Review ESMA makes proposals to help prevent and detect WHT reclaim schemes ESMA agrees position limits under MiFID II ESMA receives securitisation repository registration application ESMA reappoints the chairs of its Data and Investment Management Standing Committees ESMA appoints Chair and independent members of the CCP Supervisory Committee EU financial regulators assess risks to the financial sector after the outbreak of COVID-19 and call for enhanced cooperation ESMA renews its Decision requiring net short position holders to report positions of 0.1% and above Investors see lower net returns from potential closet index funds ESMA issues latest double volume cap data ESMA provides for the option to apply the annual transparency calculations for non-equity instruments from 21 September ESMA confirms Securitisation Regulation requirements entry into force on 23 September 2020 ESMA sees high risk of decoupling of financial market performance and underlying economic activity 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.