Central Bank of Ireland Markets Update Issue 5 2022 - 19 May 2022 Central Bank of Ireland Central Bank publishes updates to the Funds Authorisation and Funds Service Providers sections of the website Central Bank updates its communication on regulatory flexibility for Securities Markets, Investment Management, Investment Firms and Fund Service Providers Central Bank reinforces consumer protection expectations in context of changing retail banking landscape European Securities and Markets Authority (ESMA) ESMA consults on notifications for cross-border marketing and management of funds ESMA publishes final reports on CCP resolution regime ESMA reminds fund managers of their obligations to investors amid the war in Ukraine ESMA makes recommendations for disclosures of expected impacts of IFRS 17 application ESMA reminds issuers of the main IFRS requirements amid the war in Ukraine ESAs call for improvements in product descriptions intended for retail investors ESMA publishes the annual LIS and SSTI calculations for bonds and the quarterly bond liquidity assessment ESAs consult on sustainability disclosures for simple, transparent and standardised securitisations ESAs recommend changes to make the PRIIPs key information document more consumer-friendly ESMA objects to European Commission’s proposed amendments on its draft ITS on insider lists ESMA publishes the annual transparency calculations for non-equity instruments and the quarterly systematic internaliser calculations ESMA makes recommendations to improve investor protection International Organization of Securities Commissions (IOSCO) IOSCO releases report on issues and considerations of market data in secondary equity markets 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.