Central Bank of Ireland Markets Update Issue 9 2021 - 24 June 2021 Central Bank of Ireland Central Bank Publishes Feedback Statement on consultation on NCA discretions under the Investment Firms Directive (IFD) and the Investment Firms Regulation (IFR) and updates website to reflect application of IFD/IFR from 26 June 2021 Common Supervisory Action on UCITS Liquidity Risk Management Central Bank publishes the Thirty-First Edition of the Central Bank UCITS Q&A Document Central Bank publishes the Thirty-Ninth Edition of the Central Bank AIFMD Q&A Document EBA launches second consultation on its technical standards on the calculation of the EUR 30bn threshold above which investment firms are required to seek authorisation as a credit institution "Covid-19, funds sector, and sustainably serving the economy” - Director General, Financial Conduct, Derville Rowland The importance of fitness, probity and ensuring responsibility - Director General, Financial Conduct, Derville Rowland European Securities and Markets Authority (ESMA) ESMA recommends changes to supervisory fees for credit rating agencies ESMA publishes its 2020 Annual Report ESAs publish amended technical standards on the mapping of ECAIs ESMA issues an opinion on Product Intervention Measures on Turbos ESMA launches 2021 Central Counterparties Stress Test ESMA sees a prolonged period of risk from market corrections ESMA publishes Final Report on the MiFIDII/MiFIR obligations on market data ESMA issues a negative opinion on an Accepted Market Practice on liquidity contracts proposed by the French AMF New Q&A available EBA and ESMA publish provisional list of instruments and funds for the smallest investment firms under the Investment Firms Regulation ESMA consults on Guidelines for Data Transfer between Trade Repositories under EMIR and SFTR ESMA updates its Opinion on reporting information under the AIFMD ESMA publishes guidance on funds’ marketing communications ESMA consults on synthetic securitisations RTS and amendments to STS templates ESMA responds to European Commission consultation on the ESAs ESMA consults on commodity derivatives technical standards as part of MiFID II Recovery Package ESMA consults on Disclosure Requirements for Initial Reviews and Preliminary Ratings ESMA publishes Guidelines on the calculation of positions under SFTR ESMA launches call for evidence on digital finance ESMA proposes lowering the reporting threshold for net short positions to 0.1% on a permanent basis ESAs’ report on the implementation and functioning of the securitisation regulation International Organization of Securities Commissions (IOSCO) IOSCO Statement on Benchmarks Transition IOSCO Issues Industry Surveys on Conduct Risks in Leveraged Loans and Collateralized Loan Obligations 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.