DOMESTIC:

Department of Jobs, Enterprise and Innovation publishes Commencement Order for the Companies (Accounting) Act 2017

The Department of Jobs, Enterprise and Innovation published the Companies (Accounting) Act 2017 (Commencement) Order 2017, S.I. No. 246 of 2017, which sets out that the Companies (Accounting) Act 2017 will come into operation on 9 June 2017. The Act amends the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (UCITS Regulations) updating audit requirements and providing that UCITS investment companies formed under the Companies Act 2014 must file financial statements and directors' reports with the Registrar of Companies. The Act also amends the European Union (Alternative Investment Fund Managers) Regulations 2013 (AIFMD Regulations) updating audit requirements.

Central Bank issues AIFMD Questions and Answers and UCITS Questions and Answers

The Central Bank issued the 25th Edition of its AIFMD Q&A and the 17th Edition of UCITS Q&A.

Central Bank publishes discussion paper on Exchange Traded Funds

The Central Bank published a discussion paper on Exchange Traded Funds (EFTs). The deadline for response is 11 August 2017.

EUROPEAN:

European Securities and Markets Authority publishes principles on supervisory approach to relocations from the UK

ESMA published an Opinion setting out general principles aimed at fostering consistency in authorisation, supervision and enforcement related to the relocation of entities, activities and functions from the United Kingdom.

European Securities and Markets Authority AIFMD Questions and Answers and UCITS Questions and Answers

ESMA published updated questions and answers documents on the application of the AIFMD and the UCITS Directive.

European Council adopts the Money Market Fund Regulation

The Council of the EU announced that it has adopted the Money Market Fund (MMF) Regulation. ESMA published a Consultation Paper on the MMF Regulation which will close on 7 August 2017. ESMA aims to issue MMF Regulation materials by the end of the year.

Corrigendum to Delegated Regulation (EU) 2017/653 on Key Information Documents published

On 11 May 2017, a corrigendum (corrections document) to Commission Delegated Regulation (EU) 2017/653 was published in the Official Journal of the EU. The Delegated Regulation sets regulatory technical standards on the presentation, content, review and revision of key information documents required under Regulation (EU) No 1286/2014. The Corrigendum amends certain of the formulae in Annexes II and IV to the Delegated Regulation.