Central Bank of Ireland Markets Update Issue 7 2019 - 23 July 2019 Central Bank of Ireland Publication of the Central Bank (Investment Market Conduct) Rules 2019 and accompanying Guidance Press Release: Thematic Review of Closet Indexing Central Bank publishes revised guidance on the use of financial indices by UCITS The Cross-Border Funds Distribution (CBFD) legislative package has been published in the Official Journal of the European Union European Securities and Markets Authority (ESMA) ESMA updates register of derivatives to be traded on-venue under MiFIR ESMA publishes its annual peer review report on EU CCPs supervision ESMA readies stress testing requirements for money market funds ESMA advises on credit rating sustainability issues and sets disclosure requirements ESMA provides updated Q&As, XML schema and validation rules for securitisation reporting ESMA launches call for evidence on certain investor protection topics in the context of the reports to be submitted by the EC under Article 90 of MiFID II ESMA reports on NCAs’ use of sanctions under MiFID II ESMA issues an opinion on product intervention measures by the Czech Republic ESMA publishes the 23rd extract from the EECS database ESMA consults on performance fee guidelines for retail funds, seeking greater harmonisation ESMA updates its EMIR Q&A ESMA sets out expectations regarding application of IAS 12 ESMA amends enforcement decisions for Nordic banks following appeal International Organization of Securities Commissions (IOSCO) Basel Committee and IOSCO agree to one-year extension of the final implementation phase of the margin requirements for non-centrally cleared derivatives 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.