Central Bank of Ireland Markets Update Issue 13 2021 - 01 October 2021 Central Bank of Ireland The Central Bank publishes a notice of intention in relation to the application of the ESMA Guidelines on marketing communications under the Regulation on cross-border distribution of funds The Central Bank has updated its website to include references to the recently published Irish UCITS and AIFM Statutory Instruments Central Bank updates Q&A on the payment of distributions and variable remuneration by investment firms and market operators Central Bank of Ireland publishes Notice of Intention on Amendments to the list of Pre-Approval Controlled Functions (PCFs) Partial Transposition of the Investment Firms Directive (Directive (EU) 2019/2034) into Irish law The Central Bank publishes the forty-second edition of the Central Bank AIFMD Q&A The Central Bank publishes the thirty-fourth edition of the Central Bank UCITS Q&A Central Bank clarifies expectations as regards reporting requirements for MiFID investment firms under Article 54 of IFR Remarks by Director General, Financial Conduct Derville Rowland at the Deloitte Global Insurance Webinar European Securities and Markets Authority (ESMA) New Q&AS available ESMA calls for legislative changes to improve access to and use of credit ratings ESMA publishes MiFID II review report on algorithmic trading ESMA to focus on supervision, sustainability, digitalisation and the Capital Markets Union in 2022 ESMA recommends to European Commission to delay buy-in rules ESMA consults on the review of the Short Selling Regulation ESMA consults on proposals for a review of the MiFID II best execution reporting regime ESMA fines UnaVista trade repository €238,500 for EMIR data failures 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.