Central Bank of Ireland Markets Update Issue 4 2017 - 28 June 2017 Central Bank of Ireland Central Bank publishes second edition of its Investment Firms Regulations Q&A Central Bank publishes 18th Edition of the UCITS Q&A and revised guidance in relation to share classes Central Bank response to the public consultation on the operations of the European Supervisory Authorities "MiFID II - Are you Ready?" - Denise Murray, Head of Asset Management: Authorisations and Inspections Division Protecting and enhancing the Single Market for financial services: a regulatory perspective - Gerry Cross, Director of Policy & Risk Central Bank issues warning on MiFID II Unauthorised Businesses Central Bank publishes a Consultation Paper (CP 110) on the Implementation of Competent Authority Options and Discretions in the European Union (Capital Requirements) Regulations 2014 and Regulation (EU) No. 575/2013 Regulatory challenges in the “New Normal” - Gerry Cross, Director of Policy & Risk Brexit Developments - Gerry Cross, Director of Policy & Risk Central Bank updates Fund Administrator Guidance ESMA Recommendations and Guidelines MiFID II: ESMA issues final guidelines on trading halts ESAs publish AML/CFT Guidelines ESMA consults on draft standards for trading obligation for derivatives under MiFIR ESMA publishes framework for mandatory benchmarks contributions ESMA consults on Money Market Funds rules ESMA updates list of recognised third-country CCPs ESMA announces launch of reference data submission under MAR ESMA issues principles on supervisory approach to relocations from the UK MiFID II: ESMA clarifies transparency and position limit regimes for instruments traded on non-EU trading venues ESMA updates its MiFID II Q&As ESMA consults on measures for CCPs to manage conflicts of interest ESMA publishes final report on product governance guidelines to safeguard investors ESMA issues guidelines on relevant currencies and the substantial importance of a CSD for a host Member State ESMA updates MiFID II/ MIFIR Investor Protection Q&A ESMA issues positive opinion on short selling ban by Spanish CNMV ESMA publishes updated AIFMD and UCITS Q&As ESMA clarifies traded on a trading venue under MiFID II ESMA calls experts to join post-trading panel ESMA issues standards on regulatory cooperation regarding market abuse ESMA statement to ECON Hearing on CRA Regulation ESMA issues risk dashboard for first quarter of 2017 ESMA updates its MAR Q&As ESMA responds to Commission consultation on Fintech ESMA publishes response to consultation on the operation of the ESAs ESMA publishes official translations of Guidelines under CSDR ESMA publishes 2016 Annual Report International Organization of Securities Commissions (IOSCO) IOSCO’s Objectives and Principles of Securities Regulation Methodology for Assessing Implementation of the IOSCO Objectives and Principles of Securities Regulation European Banking Authority (EBA) EBA to hold public hearing to update on progress over investment firms new prudential regime EBA consults on scope of its draft guidelines on connected clients under Article 4 (1) (39) of Regulation (EU) No 575/2013 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.