Central Bank of Ireland Markets Update Issue 12 2018 - 23 August 2018 Central Bank of Ireland Central Bank statement on Pension Scheme Arrangement clearing and trading obligation Prospectus (Directive 2003/71/EC) (Amendment) Regulations 2018 came into operation on 21 July 2018 European Securities and Markets Authority (ESMA) ESMA registers Moody’s Investors Service (Nordics) AB as credit rating agency ESMA updates validation rules under EMIR Errata Double Volume Cap data MiFID II: Update ESMA makes new bond liquidity data available ESMA issues clarifications on the clearing obligation and trading obligation for pension scheme arrangements MIFID II: ESMA issues latest double volume cap data ESMA responds to EIOPA questions on AIFMD ESMA updates equity derivatives, equity and equity-like instruments' transitional transparency calculations for MiFID II/ MiFIR MiFID II: ESMA makes new bond liquidity data available MiFID II: ESMA publishes data for the systematic internaliser calculations for equity, equity-like instruments and bonds Nordic Credit Rating AS registered as Credit Rating Agency ESMA finds shortcomings in national supervision of efficient portfolio management by UCITS ESMA updates the Questions and Answers on ESMA’s temporary product intervention measures International Organization of Securities Commissions (IOSCO) IOSCO call for comments on governance of OTC derivatives data IOSCO study highlights continued central clearing interdependencies IOSCO publishes FSB and standard-setting bodies consultation on effects of reforms on incentives to centrally clear over-the-counter derivatives IOSCO issues recommendations to help trading venues manage extreme volatility 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.