Central Bank of Ireland Markets Update Issue 6 2020 - 17 June 2020 Central Bank of Ireland Central Bank confirms application of statement made by ESMA as regards open access requests under Articles 35 and 36 of MiFIR EBA consultation on the new regulatory framework for investment firms Central Bank sets out expectations in relation to due diligence on-site visits by fund service providers to outsourcing service providers / delegates Digital Finance in Europe - Gerry Cross, Director of Financial Regulation, Policy and Risk Protecting Consumers, Investors and SMEs during Covid-19 - Director General Derville Rowland Central Bank of Ireland issues Market Abuse Regulation questionnaire to issuers European Securities and Markets Authority (ESMA) ESMA publishes statement on MiFIR open access and COVID-19 ESMA appoints a new Securities and Markets Stakeholder Group ESMA publishes 2019 Annual Report and updates 2020 Annual Work Programme ESMA responds to European Commission consultation on revision of NFRD ESMA renews its Decision requiring net short position holders to report positions of 0.1% and above ESAs announce public hearing on ESG disclosures ESMA extends deadline for responses to consultation on EMIR REFIT MiFID II: ESMA issues latest Double Volume Cap data ESMA provides guidance on the compliance function under MiFID II ESMA announces new methodology for peer reviews ESMA updates reporting instructions for MMF reporting ESMA promotes convergence in the supervision of costs in UCITS and AIFs ESMA fines Scope Ratings €640,000 for failings in covered bonds ratings ESMA consults on cloud outsourcing guidelines ESMA updates transparency and position limit opinions for 3rd country venues ESMA’s Supervisory Coordination network concludes its work ESMA publishes final report on FRANDT commercial terms for clearing services ESMA updates its Q&As on MiFID II and MiFIR transparency and market structures topics ESMA publishes updates to EMIR Q&As ESMA updates Q&As on MiFID II investor protection ESMA updates its Questions and Answers on the Securitisation Regulation ESMA calls for transparency on COVID-19 effects in half-yearly financial reports International Organization of Securities Commissions (IOSCO) IOSCO consults on outsourcing principles to ensure operational resilience 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.