Central Bank of Ireland Markets Update Issue 16 2018 - 10 December 2018 Central Bank of Ireland Central Bank publishes Consultation Paper on amendments to Central Bank Prospectus Rules and consolidation into Central Bank (Investment Market Conduct) Rules Investor Money Requirements - Guidance and Questions & Answers Additional Supervisory Levy – Asset Management Firms “Safeguarding the best interests of investors in a changing landscape” - Derville Rowland - Director General, Financial Conduct “Brexit and the evolving landscape of the asset management sector” - Michael Hodson, Director of Asset Management & Investment Banking “The role of RegTech in financial services” - Colm Kincaid, Director of Securities Markets Supervision The Central Bank has begun analysis on 2000-plus Irish domiciled UCITS funds that report to be actively managed – Director General Derville Rowland European Securities and Markets Authority (ESMA) Managing risks of a no-deal Brexit in the area of central clearing ESMA sees rising market nervousness and sensitivity linked to Brexit risks ESAs publish statement clarifying securitisation disclosure requirements and consolidated application of securitisation rules for credit institutions ESMA registers A.M. Best (EU) Rating Services B.V. as credit rating agency ESMA reports on annual market share of credit rating agencies ESMA is seeking experts in financial innovation for its consultative group MIFID II: ESMA issues latest double volume cap data ESAs propose to amend bilateral margin requirements to assist Brexit preparations for OTC derivative contracts European Commission European Commission seeks feedback on draft Commission Delegated Regulation supplementing new prospectus regime International Organization of Securities Commissions (IOSCO) IOSCO seeks feedback on proposed framework for assessing leverage in investment funds FSB and standard-setting bodies publish final report on effects of reforms on incentives to centrally clear over-the-counter derivatives IOSCO members found mostly compliant with Principles for Commodity Derivatives Markets 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.