Central Bank of Ireland Markets Update Issue 6 2018 - 29 March 2018 Central Bank of Ireland Central Bank publishes Consultation Paper on amendments to (and consolidation of) the Central Bank UCITS Regulations European Securities and Markets Authority (ESMA) ESAs weigh benefits and risks of Big Data ESMA registers SPMW Rating Sp. z o.o. as a CRA High risks persist for European securities markets and investors, ESMA says Steven Maijoor on CMU, Brexit and ESA review – What’s next? ESMA clarifies treatment of packages under MiFIR’s trading obligation for derivatives ESMA publishes translations for Guidelines on stress tests scenarios under Article 28 of the MMF Regulation ESMA publishes responses to its Consultation on draft RTS under the new Prospectus Regulation ESMA updates Benchmarks Regulation Q&As ESMA consults on requirements for securitisation repositories ESMA updates its market abuse Q&As ESMA updates the CSDR Q&As ESMA updates MiFID/MiFIR investor protection Q&As ESMA clarifies MiFIR quoting obligations for systematic internalisers ESMA agrees to prohibit binary options and restrict CFDs to protect retail investors ESMA updates its Q&A on MiFID II commodity derivatives topics ESMA harmonises position calculation for trade repositories ESMA consults on supplementary guidance under the endorsement regime ESMA updates its MiFID II Q&As on market structures and transparency topics ESMA adds new Q&A on profit forecasts ESMA finalises guidelines on how to report internalised settlement 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.