Central Bank of Ireland Markets Update Issue 10 2021 - 29 July 2021 Central Bank of Ireland The Central Bank publishes Feedback Statement on consultation on enhancements to the Central Bank Client Asset Requirements (the CAR), as contained in the Central Bank Investment Firms Regulations (CP 133) Central Bank publishes website guidance related to Articles 1 and 2 of the Commission Implementing Regulation (EU) 2021/955 Central Bank publishes important information for MiFID Investment Firms authorised to deal on own account or to underwrite financial instruments on a firm commitment basis (MiFID activities (3) or (6)) Central Bank publishes the Fortieth Edition of the Central Bank AIFMD Q&A Document Central Bank publishes the Thirty-Second Edition of the Central Bank UCITS Q&A Document MAR Industry Communication – July 2021 “The importance of the role of the Designated Person in Fund Management Companies” - Director General, Financial Conduct, Derville Rowland European Securities and Markets Authority (ESMA) ESMA publishes MiFID II/MiFIR Annual Review Report on RTS 2 ESMA highlights areas for improvement in compliance with MIFID II suitability requirements ESMA see small decrease in EEA prospectus approvals in 2020 ESMA publishes second report on sanctions under AIFMD ESMA publishes fourth annual report on use of sanctions for UCITS New Q&As available ESMA finds NCAs imposed sanctions of €8.4 million for MiFID II breaches in 2020 ESMA consults on remuneration requirements under MiFID II ESMA publishes its third report on CSDR implementation ESMA consults on amendments to MAR Guidelines on delayed disclosure of inside information ESMA publishes disclosure and investor protection guidance on SPACs ESMA consults on EMIR reporting guidelines ESMA publishes methodology for assessing third country CCPs systemic importance ESMA warns firms and investors about risks arising from payment for order flow ESMA launches public consultations on CCP recovery regime DTCC Derivatives Repository fined €408,000 for EMIR data breaches ESMA consults on the review of transparency requirements under MiFIR ESMA consults on derivatives clearing and trading obligations in view of the benchmarks transition ESMA and EBA publish final guidance on fit and proper requirements ESMA publishes first overview of national rules governing fund marketing ESMA registers European DataWarehouse GmbH and SecRep B.V. as Securitisation Repositories The European Commission, ECB Banking Supervision, EBA and ESMA encourage market participants to cease all LIBOR settings International Organization of Securities Commissions (IOSCO) New IOSCO SPAC Network discusses regulatory issues raised by SPACs IOSCO consults on ESG Ratings and Data Providers 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.