Central Bank of Ireland Markets Update Issue 5 2016 - 12 September 2016 Central Bank UCITS Q&A - Fourteenth Edition Published AIFMD Q&A - Twentieth Edition Published First Edition of Market Abuse Regulatory Framework Q&A Central Bank of Ireland's Guidance on Directors' Time Commitments - Q & A Central Bank confirms compliance with EBA guidelines on sound remuneration policies Prospectus Regulations – New Final Terms Submission Process Department of Finance publishes Public Consultation on Transposition of the Markets in Financial Instruments Directive (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR) ESMA (European Securities and Markets Authority) ESMA issues opinion on Danish pension scheme to be exempt from central clearing under EMIR ESMA issues overview of European prospectus activity ESMA updates its EMIR Q&A ESMA finalises standards on sanctions and measures under MAR ESMA issues warning on sale of speculative products to retail investors ESMA publishes updated Q&A on CFDs and other speculative products ESMA publishes updated UCITS Q&A ESMA publishes updated AIFMD Q&A ESMA advises on extension of funds passport to 12 non-EU countries ESMA seeking commodity derivatives experts to join consultative industry group ESMA consults on asset segregation and custody services under AIFMD and UCITS ESMA updates its Q&A document on prospectus related issues ESMA updates its MAR Q&As ESMA readies MAR guidelines on market soundings and delayed disclosure of inside information ESMA consults on the validation and review of CRAs’ methodologies guidelines ESMA consults on proposed central clearing delay for small financial counterparties ESMA publishes translations of its Guidelines on cross-selling practices ESMA issues opinions on Swedish pension scheme to be exempt from central clearing under EMIR ESMA issues positive opinion on short selling ban by Italian CONSOB IOSCO IOSCO Good Practice for CIS Fees and Expenses seeks to enhance market efficiency IOSCO consults on good practices for the termination of investment funds in an effort to increase investor protection Reports from CPMI-IOSCO advance regulatory agenda on central counterparties EBA (European Banking Authority) EBA provides input based on the Single Rulebook Q&As to the European Commission's CRR-CRD review EBA launches data collection to support the new prudential framework for investment firms 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.