Central Bank of Ireland Markets Update Issue 11 2018 - 26 July 2018 Central Bank of Ireland Enhancements to the Regulated Disclosures Submission Process - Update European Securities and Markets Authority (ESMA) ESMA review finds improvements with NCAs’ supervision of the suitability requirements ESMA updates UCITS and AIFMD Q&As ESMA fines five banks €2.48 million for issuing credit ratings without authorisation ESMA writes to European Commission on share cancellation under MMFR ESMA launches dedicated template for systematic internalisers calculations ahead of August 1 publication ESMA consults on revising CRAs’ periodic reporting ESMA clarifies endorsement regime for non-EU credit ratings ESMA finalises standards for the implementation of the Prospectus Regulation ESMA updates Q&As on Benchmarks Regulation ESMA responds to EC consultation on Fitness Check ESMA is seeking secondary markets experts to join its consultative working group ESMA defines standards for the implementation of the Securitisation Regulation Prospectuses: ESMA consults on risk factors and exemptions for takeovers, mergers and divisions ESMA consults on tick size regime ESMA updates Q&A on EMIR data reporting ESMA sets out plan for systematic internaliser regime calculations and publications ESMA updates Q&As on MiFID II and MiFIR investor protection and intermediaries ESMA updates Q&As on temporary product intervention measures ESMA consults on the Clearing Obligation under EMIR ESMA statement at ECON scrutiny session on Benchmarks Regulation MIFID II: ESMA issues latest double volume cap data ESMA seeks candidates for its stakeholder group European Banking Authority (EBA) European Supervisory Authorities publish further guidance on the Key Information Document for PRIIPs 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.