The Central Bank issued Issue 2 of 2016 of it's Markets Update which covered;

Central Bank

  • AIFMD Q&A - Eighteenth Edition; Question 1100 has been amended to make reference to the publication of guidance entitled “Umbrella funds – cash accounts holding subscription, redemption and dividend monies” and new questions 1101 and 1102 have been added dealing with that guidance. A new question 1103 has been added dealing with the Securities Financing Transactions Regulation, recommending that any new sub-fund include in its prospectus documentation the SFTR required disclosure on the use of SFTs and total return swaps and noting that SFTs and total return swaps are used at sub-fund level rather than umbrella level and so the SFTR disclosures are required at sub-fund level. 
  • UCITS Q&A - Twelfth Edition Published; Question 1057 has been amended to make reference to the publication of the guidance entitled “Umbrella funds – cash accounts holding subscription, redemption and dividend monies” and new questions 1060 and 1061 have been added dealing with that guidance. A  new question ID 1062 has been added dealing with the Securities Financing Transactions Regulation and this mirrors the UCITS Q&A.
  • Regulatory Technical Standards for approval and publication of the prospectus and dissemination of advertisements effective 24 March 2016  
  • Investor Money Regulations (see above)
  • Address by Gareth Murphy, Director of Markets Supervision, Central Bank of Ireland at the launch of Duff and Phelps Global Regulatory Outlook 
  • Address by Gareth Murphy, Director of Markets Supervision, Central Bank of Ireland to the 5th Annual Funds Congress 

ESMA 

  • ESMA consults on Securities Financing Transaction Regulation (see below).
  • ESAs publish final draft technical standards on margin requirements for non-centrally cleared derivatives 
  • ESMA issues report on risks and costs of CCP interoperability 

EBA (European Banking Authority)

  • EBA issues amended standards on supervisory reporting for institutions 
  • Consultation on Guidelines on corrections to modified duration for debt instruments 
  • ESAs publish final draft technical standards on margin requirements for non-centrally cleared OTC derivatives  
  • EBA Consultation on COREP