Central Bank of Ireland Markets Update Issue 1 2021 - 19 January 2021 Central Bank of Ireland Central Bank publishes letter in response to queries received regarding the outcome of the thematic review of the implementation of its framework for governance, management and oversight in fund management companies Central Bank fast-track filing process for pre-contractual document updates based on the Sustainable Finance Disclosure Regulation The Central Bank publishes Consultation Paper CP 135 “Consultation on Competent Authority Discretions in the Investment Firms Directive and the Investment Firms Regulations” Central Bank encourages industry to respond to IOSCO’s ETF Survey European Securities and Markets Authority (ESMA) ESAs publish final draft ITS on reporting templates for intra-group transactions and risk concentration under FICOD ESAs’ Board of Appeal dismisses case against the EBA on alleged non-application of Union law as manifestly inadmissible ESMA agrees position limits under MIFID II ESMA reminds firms of the MiFID II rules on reverse solicitation ESAs’ BoA decides in ESMA’s favour in the appeal by Scope Ratings ESAs' Joint Board of Appeal dismissed appeal by Scope Ratings GmbH against the European Securities and Markets Authority Publication of transparency calculations update after the end of the Brexit transition period Call for candidates for the ESA’s Board of Appeal CFTC and ESMA sign enhanced MOU related to certain recognized Central Counterparties ESMA launches a Common Supervisory Action with NCAs on the supervision of costs and fees of UCITS ESMA promotes transparency for TLTRO III transactions Publication of financial instruments reference data after the end of the Brexit transition period Brexit: ESMA withdraws the registrations of six UK-based credit rating agencies and four trade repositories ESMA consults on fines and penalties for Benchmark Administrators ESMA consults on fines and penalties for Data Reporting Service Providers ESMA updates guidance on waivers from pre-trade transparency ESMA issues 2020 report on accepted market practices under MAR ESMA updates Q&A on costs and charges 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.