Central Bank of Ireland Markets Update Issue 8 2022 - 05 October 2022 Central Bank of Ireland Process clarifications for UCITS and AIFs pre-contractual documentation updates in relation to the Level 2 measures in relation to the Sustainable Finance Disclosure Regulation The Central Bank publishes updates to the Funds Authorisation section of the website Publication of revised Monthly Client Asset Report template and accompanying Guidance Note Central Bank publishes the Forty-Fifth Edition of the Central Bank AIFMD Q&A Document The Central Bank updates its website to include references to the recently published Irish UCITS Statutory Instruments S.I. No. 262/2022 and S.I. No. 442/2022 The Central Bank clarifies incorporation by reference in a prospectus of annual financial reports prepared in accordance with the ESEF Regulation European Securities and Markets Authority (ESMA) ESAs refer stakeholders to Commission Statement on the application date of new PRIIPs Rules ESMA publishes results of its Call for Evidence on ESG ratings ESMA will not publish August systematic internaliser regime data for non-equity instruments other than bonds and CTP data ESMA updates on applications from U.S. based CCPs ESMA stress test of central counterparties finds clearing system resilient ESMA reminds stakeholders of prospectus supervision under EU Ukraine war sanctions ESMA reviews MiFID II product governance guidelines ESMA updates on third-country CCPs' applications for recognition ESMA consults on rules for recognition under the Benchmarks Regulation ESMA consults on cash penalty process for cleared transactions ESMA explains classification of third-country counterparties in weekly position reports ESMA identifies data reporting services providers to be supervised directly ESMA issues a third statement on the implementation of LEI requirements for third-country issuers ESMA corrects double volume cap results ESMA publishes annual peer review of EU CCP supervision New Q&As available - July ESMA proposes key risk indicators for retail investors ESMA and EBA publish guidelines to harmonise the supervisory review and evaluation process of investment firms ESMA finds NCAs' scrutiny and approval of prospectuses satisfactory ESAs' Board of Appeal dismisses case against EBA on alleged non-application of Union Law regarding payment services ESAs issue report on the extent of voluntary disclosure of principal adverse impact under the Sustainable Finance Disclosure Regulation ESMA launches Call for Evidence on pre-hedging ESMA makes new bond liquidity data available and publishes data for the systematic internaliser calculations ESMA provides comments on first draft of European Sustainability Reporting Standards ESMA issues opinion on accepted market practice by Portuguese CMVM ESMA proposes improvements to the EU Regime of Third Country Benchmarks ESMA updates the European Single Electronic Format Reporting Manual Russian war adds uncertainty and volatility to EU financial markets ESMA and the Austrian Financial Market Authority welcome EURIBOR panel enlargement ESAs warn of rising risks amid a deteriorating economic outlook ESMA withdraws SFTR registration of Unavista Tradeco B.V. trade repository ESMA consults on CCP business reorganisation plans ESMA response to the EU Commission regarding recent developments in the energy derivatives markets ESMA publishes final guidelines on MiFID II suitability requirements New Q&As available - September ESMA updates Q&As on MiFID II and MiFIR commodity derivatives topics ESMA consults on guidance on market outages ESMA publishes report on the DLT Pilot Regime ESMA reminds firms of the impact of inflation in the context of investment services to retail clients ESAs propose disclosures for fossil gas and nuclear energy investments ESMA recognises Shanghai Clearing House and Dubai Clear 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.