Domestic

Minister for Finance Paschal Donohoe TD at the Irish Funds annual global funds conference

Minister for Finance Paschal Donohoe TD delivered a keynote speech at the Irish Funds annual global funds conference.

CBI Deputy Governor, DG McMunn at the Irish Funds annual global funds conference

CBI Deputy Governor, DG McMunn spoke at the Irish Funds annual global funds conference. Key topics included simplification of processes, volatility, a macro-prudential policy framework for the funds sector, operational resilience, fund management companies’ effectiveness, AML and the use of technology and tokenisation.

National discretions in AIFMD II (UCITS and AIFMs)

The Department of Finance published a feedback statement following its public consultation on the four national discretions included within Directive (EU) 2024/927 (AIFMD II), and an accompanying regulatory impact assessment. The Department will bring forward legislation to transpose AIFMD II into Irish law by 16 April 2026.

Mutual Recognition Framework: CBI and the Hong Kong Securities and Futures Commission

The CBI and the Hong Kong Securities and Futures Commission updated the memorandum of understanding entered into between them in 1997 to provide for a Mutual Recognition Framework which will enable regulatory cooperation and an expedited process of registration in relation to the cross-border offering of:

• certain CBI authorised UCITS in Hong Kong
• Hong Kong collective investment schemes that meet certain eligibility criteria in Ireland

CBI ETF Thematic Review Irish Funds - information note

Irish Funds published an information note on the CBI’s ETF thematic review.

European

IOSCO final report on updated liquidity risk management recommendations for CIS

IOSCO published a final report on its revised recommendations for liquidity risk management for collective investment schemes (CIS).

European Commission call for evidence on revising the SFDR

The European Commission published a call for evidence to support an impact assessment as part of its ongoing review of the functioning of the Sustainable Finance Disclosure Regulation (SFDR).

Savings and investments union call for evidence

The European Commission published a call for evidence on fostering integration, scale and efficient supervision in the single market as part of its savings and investments union (SIU) strategy.

Update to PRIIPs KID Q&As

On 5 May 2025, the Joint Committee of the European Supervisory Authorities published an updated version of its Q&As on the PRIIPs Key Information Document (KID).

The updates relate to:

• market risk assessment and, in particular, market risk measure class determination (new question 9 in section III B)
• performance scenarios (new questions 24, 25, 26 in section IV)
• calculation of summary cost indicators (new question 6 in section XIII E)

For more information on these topics please contact any member of A&L Goodbody's Asset Management & Investment Funds team.

This publication provides an overview of certain legal and regulatory developments that may be of interest to certain entities. It does not purport to provide analysis of law or legal advice and is strictly for information purposes only.