Central Bank of Ireland Markets Update Issue 12 2020 - 06 November 2020 Central Bank of Ireland Central Bank revises its expectations as regards regulatory flexibility for Securities Markets, Investment Management, Investment Firms and Fund Service Providers European Securities and Markets Authority (ESMA) ESMA publishes new Q&A on product governance ESMA updates Q&A on Benchmarks Regulation ESMA publishes translations for Guidelines on performance fees in UCITS and certain types of AIFs ESMA publishes first Q&As on SFTR Reporting ESMA specifies obligations on environmentally sustainable activities ESMA publishes its first reports on CSDR implementation ESAs’ Board of Appeal dismisses case against EIOPA on alleged non-application of Union law as manifestly inadmissible ESMA identifies deficiencies in German supervision of Wirecard’s financial reporting MiFID II: ESMA publishes data for the systematic internaliser calculations for equity, equity-like instruments, bonds and other non-equity instruments ESMA makes new bond liquidity data available ESMA submits two draft technical standards under the revised Market Abuse Regulation to the European Commission ESMA publishes translations for decision of renewal to lower the reporting thresholds of net short positions European accounting enforcers to enhance transparency on COVID-19 impact ESMA adds UK venues to opinions on third-country trading venues ESMA updates Statement to address credit ratings from the United Kingdom EMIR Reporting Validation Rules applicable from 8 March 2021 ESMA sets out final position on Share Trading Obligation ESMA consults on CCP supervisory reviews and evaluation processes ESMA consults on standards for CCP activities and model amendments 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.