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Related areas
Key deadlines
18 September 2025 - Financial transaction reporting - ESMA’s call for evidence on a comprehensive approach for the simplification of financial transaction reporting (primarily MiFIR, EMIR, SFTR) closes.
21 September 2025 - Financial transaction reporting - ESMA’s discussion paper (primarily AIFMD and the UCITS Directive) requests feedback on the approaches presented in the discussion paper until 21 September 2025.
October 2025 - Financial costs on UCITS and AIFs - ESMA is to issue its report under AIFMD II to the European Parliament, the Council and the European Commission on costs charged on UCITS and AIFs. This will also be part of an enhanced 2025 ESMA market report on costs and performance of EU retail investment products.
Q3 2025 - CBI’s AIF Rulebook - The Central Bank of Ireland (CBI) is expected to publish a consultation paper on proposed changes to its AIF Rulebook which will be primarily focussed on enhancements to the QIAIF regime.
Q3 2025 - EU savings and investment accounts and products - The European Commission is expected to finalise its recommendation on establishing savings and investment accounts (giving access to a range of financial investments) aimed at improving retail participation in EU capital markets under the savings and investments union strategy.
Q3/Q4 2025 - RTS on open-ended loan origination AIFs - ESMA is expected to report on draft RTS on open-ended loan originating AIFs by Q3/Q4 2025.
Q4 2025 - SFDR - The European Commission is scheduled to publish its proposal to reform the SFDR regime in Q4 2025.
Q4 2025 - Asset management groups with significant cross border activities - The European Commission is expected to propose measures to reduce operational barriers affecting cross border groups with a view to simplifying operations of asset managers, both large and more specialised, and ensuring a more efficient access and servicing of clients.
Q4 2025 2025 - Cross-border distribution of EU-authorised funds - The European Commission is expected to publish a legislative proposal aimed to improve the cross-border distribution of EU-authorised funds across the EU.
Q4 2025 - Beneficial ownership register for certain financial vehicles (CFV) - The CBI is progressing a project to implement a new reporting mechanism from Q4 2025, simplifying and enhancing the means through which the beneficial ownership details of CFV are reported to the CBI central register.
30 December 2025 - EBA guidelines on implementation of Union and national restrictive measures - EBA guidelines for all institutions within the EBA’s supervisory remit (such as credit institutions and investment firms) on internal policies, procedures and controls to ensure the implementation of Union and national restrictive measures - apply from 30 December 2025. The guidelines cover policies, procedure and controls, governance and a restrictive measures’ exposure assessment.
Ireland for Finance Strategy 2026 - 2030
The Department of Finance is undertaking a public consultation for their Ireland for Finance Strategy. The objective is to develop a comprehensive strategy for the IFS sector for 2026-2030 designed to enhance Ireland’s international competitiveness and foster sustainable growth. The consultation runs until 19 September 2025.
CBI designated a market surveillance authority for the purposes of the EU’s AI Act
The CBI has been designated as the market surveillance authority for the purposes of Article 74(6) of the AI Act by virtue of the European Union (Artificial Intelligence) (Designation) Regulations 2025 (S.I. No. 366/2025).
For more information on these topics please contact any member of A&L Goodbody's Asset Management & Investment Funds team.