Central Bank of Ireland Markets Update Issue 14 2018 - 08 October 2018 Central Bank of Ireland The Central Bank has published the fifth edition of its Investment Firms Q&A CBI publishes revised guidance on the use of financial indices by UCITS Taking stock of the past and insights on the future of the asset management sector - Michael Hodson, Director of Asset Management Supervision Implementing CP86 – Martina Kelly, Head of Markets Policy Division Fit for the future: some current issues in the regulation of Irish investment funds - Gerry Cross, Director of Policy and Risk European Securities and Markets Authority (ESMA) ESMA publishes the responses to its Consultation on proposed amendments to RTS 11 Steven Maijoor addresses Global Innovation Institute on new technologies in capital markets What drives the use of CDS by EU investment funds? ESMA agrees to limit the application of tick sizes to systematic internalisers quotes for shares and depositary receipts ESMA monitors volatility in financial markets ESMA is seeking economic advisors in renewal of consultative group ESMA finds deterioration in liquidity in stressed financial markets for both sovereign and corporate bonds ESAs’ Joint Board of Appeal decides on an individual’s appeal against a decision of ESMA in relation to binary options and contracts for differences ESMA updates Q&A on MiFIR data reporting ESMA updates its EMIR Q&As ESMA publishes final report amending RTS on the clearing obligation for intragroup transactions ESMA to publish new data completeness indicators for trading venues ESMA updates its Q&As regarding the Benchmark Regulation ESMA updates the CSDR Q&As ESMA to renew restriction on CFDs for a further three months ESMA consults on stress testing rules for money market funds ESMA updates the Q&As on ESMA’s temporary product intervention measures Notice of ESMA’s Product Intervention Renewal Decision in relation to binary options ESMA updates market abuse Q&As ESMA letter to European Commission on MiFID II/MiFIR third-country regimes ESAs highlight the relevance of legislative changes for the Key Information Document for PRIIPs ESMA updates its opinion on ancillary activity calculations ESMA updates its Q&As on MiFID II and MiFIR commodity derivatives topics ESMA will focus on supervisory convergence and supervision in 2019 Steven Maijoor speech at the World Federation of Exchanges General Assembly and Annual Meeting ESMA updates Q&As on MiFID II and MiFIR investor protection and intermediaries ESMA withdraws MiFID automated trading guidelines following their incorporation into MiFID II ESMA updates its Q&As on MiFID II and MiFIR market structure and transparency topics ESMA updates AIFMD Q&As International Organization of Securities Commissions (IOSCO) IOSCO issues policy measures to protect investors of OTC leveraged products 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.