Central Bank of Ireland Markets Update Issue 4 2019 - 29 March 2019 Central Bank of Ireland FCA announces its intention to extend the notification window for its temporary permissions regime. Wholesale Market Conduct Risk - ‘Dear CEO’ Letter Central Bank publishes Key Facts Document (‘KFD’) in relation to Benchmark Administrator applications Central Bank publishes the Thirty-Third Edition of the Central Bank AIFMD Q&A Document Central Bank publishes the Twenty-Fifth Edition of the Central Bank UCITS Q&A Document Safety and soundness: Strategic priorities for the next three years - Deputy Governor Ed Sibley Asset Management after Brexit: Responding to the New Reality - Michael Hodson, Director of Asset Management and Investment Banking Address to the 'Women in Leadership' Conference - Director General Derville Rowland Culture & Ethics in Financial Services - Gráinne McEvoy, Director of Consumer Protection The Brexit Discontinuity - Governor Philp R. Lane Why culture matters: Insights from the Central Bank of Ireland Review of Behaviour and Culture in the Irish Banking Sector - Director General Derville Rowland Brexit, gatekeeping and the changing landscape - Michael Hodson, Director of Asset Management and Investment Banking Balance makes for better business - Director General Derville Rowland Opportunities, risks and challenges: considering financial regulation and technological innovation - Gerry Cross, Director, Financial Regulation Policy & Risk European Securities and Markets Authority (ESMA) ESMA report values EU Alternative Investment Funds at €4.9 trillion ESAs propose amendment to PRIIPs Key Information Document to clarify application to investment funds MiFID II: ESMA issues latest double volume cap data ESMA publishes responses to its Consultations on CSDR Guidelines EU Rules on Legal Entity Idenfifers (LEIs) ESAs’ Joint Board of Appeal decides on four appeals under the Credit Rating Agencies Regulation ESMA includes MiFID II / MiFIR in its interactive single rulebook RegTech and SupTech – change for markets and regulators ESMA clarifies endorsement of UK credit ratings in case of a no-deal Brexit ESMA registers Beyond Ratings SAS as credit rating agency MiFID II: ESMA publishes results of the annual transparency calculations of the large in scale (LIS) and size specific to the instruments (SSTI) thresholds for bonds ESMA’s application of the trading obligation for shares following a no-deal Brexit ESMA publishes its Data Operational Plan under a no-deal Brexit scenario ESMA agrees position limits under MiFID II ESMA adds new venues to register of derivatives to be traded on-venue under MiFIR ESMA publishes taxonomy files to facilitate implementation of the ESEF Regulation ESMA registers UnaVista TRADEcho B.V. as trade repository ESMA responds to EC consultation on update of reporting guidelines to reflect climate-related disclosures ESMA reappoints the chair of its Supervisory Convergence Standing Committee ESMA to renew restrictions on CFDs for a further three months from 1 May 2019 EU enforcers focus on new IFRS standards and non-financial information ESMA publishes the first Q&As relating to the Prospectus Regulation ESMA updates its Q&AS on MiFID II and MiFIR commodity derivatives topics Notice of ESMA’s Product Intervention Renewal Decision in relation to binary options ESMA writes to European Commission on MiFID II/MiFIR review reports ESMA fines Fitch €5,132,500 for breaches of conflict of interest requirements ESMA updates its Q&As on MiFID II and MiFIR investor protection and intermediaries ESMA updates on its preparations for a possible no-deal Brexit scenario on 12 April ESMA provides guidance on the new EMIR Refit regime for the clearing obligation ESMA consults on draft ELTIF technical standards ESMA publishes official translations of Guidelines on position calculation by TRs under EMIR ESMA clarifies format for disclosure of risk factors in prospectuses ESMA advises Commission on information document for takeover, merger and divisions International Organization of Securities Commissions (IOSCO) Jurisdictions move forward towards implementing standards IOSCO publishes first annual work programme 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.