Central Bank of Ireland Markets Update Issue 5 2021 - 01 April 2021 Central Bank of Ireland The Central Bank publishes the Feedback Statement to Consultation Paper 134 “Central Bank performance fee guidance for UCITS and certain types of retail AIFs” Central Bank publishes the Thirty-Eighth Edition of the Central Bank AIFMD Q&A Thematic Review of IOSCO Liquidity Risk Management Recommendations and IOSCO-FSB Analysis of Open-Ended Fund Liquidity during the Market Stresses of 2020 Conduct, culture and trust – priorities for 2021 - Speech by the Director General, Financial Conduct to the BPFI Membership Forum European Securities and Markets Authority (ESMA) ESMA updates EMIR Q&As ESMA updates CSDR Q&AS ESMA updates its Q&As relating to the Prospectus Regulation ESMA updates Q&As on the BMR Transitional Provision ESMA promotes coordinated action on the suspension of best execution reports ESMA clarifies corporate disclosures obligations for UK issuers after Brexit ESMA publishes response to IASB Request for Information on the Post Implementation Review of IFRS 10, 11 and 12 ESMA updates AIFMD Q&As ESMA updates UCITS Q&As ESMA proposes amendments to MiFIR transactions and reference data reporting regimes ESMA fines Moody’s €3.7 million for conflicts of interest failures ESA’s Joint Board of Appeal dismissed appeal by Appellant “A” against the European Securities and Markets Authority ESMA advises the European Commission on the application of sanctions under MiFID II/MiFIR ESMA updates EMIR validation rules ESMA updates Q&A on inducements ESMA advises on framework for data reporting service providers ESMA publishes Technical Advice on fines and penalties for Benchmark Administrators ESAs publish Q&AS on cross-sectoral aspects of the Securitisation Regulation ESMA consults on the framework for EU Money Market Funds ESMA assesses the compliance with UCITS liquidity rules and highlights areas for vigilance ESMA consults on simplified supervisory fees for Trade Repositories ESMA updates Brexit Statement on provisions of the Benchmark Regulation (BMR) ESAs publish Joint Q&As on Bilateral Margining ESMA clarifies application of position limits pending MiFID II change ESAs consult on Taxonomy–related product disclosures ESMA to allow decision on reporting of net short position of 0.1% and above to expire ESMA sees high risk for investors in non-regulated crypto assets 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.