Central Bank of Ireland Markets Update Issue 6 2022 - 23 June 2022 Central Bank of Ireland The Central Bank publishes revised Central Bank Investment Firms Regulations in final form, which incorporate amendments to the Central Bank Client Asset Requirements and accompanying Guidance Note EU Crowdfunding Regulation (ECSPR): updated Questions and Answers published Blockchain, cryptography, and financial services: a regulatory perspective - Speech by Gerry Cross, Director of Financial Regulation: Policy & Risk, at Blockchain Ireland Week 2022 European Securities and Markets Authority (ESMA) ESMA reviews its 2021 contribution to the EU’s green and digital capital markets ESAs propose extending temporary exemptions regime for intragroup contracts during EMIR review ESMA risk assessment update: market environment deteriorates further ESMA proposes Eur 1 billion increase of the commodity derivatives EMIR clearing threshold ESMA publishes technical standards to suspend the CSDR buy-in regime ESAs provide clarifications on key areas of the RTS under SFDR The ESAs publish the joint report on the withdrawal of authorisation for serious breaches of AML/CFT rules ESMA reports on supervision of costs and fees in investment funds ESMA provides supervisors with guidance on the integration of sustainability risks and disclosures in the area of asset management ESMA study looks at reasons for lower costs in ESG funds New Q&As available ESMA launches four consultations on CCP Resolution Regime ESMA publishes report on highly liquid instruments ESMA encourages crowdfunding service providers to accelerate their transition to the new regime ESMA publishes ex-post analysis of derivatives risks in Archegos 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.