Financial Services Regulation & Compliance - Funds Jan 2018


Central Bank Markets Updates

The Central Bank published Issue 1 of 2018 of its Markets Update which covered (among other items):

  • Central Bank publishes Twenty-Eighth Edition of AIFMD Q&A. New Q&As 1125 and 1126 regarding the PRIIPS Regulation, and 1127 in relation to the Benchmark Regulation are included.
  • Central Bank publishes Twenty-Second Edition of UCITS Q&A. New Q&As 1086 relating to prospectus disclosure in the context of the Benchmark Regulation and 1087 regarding the PRIIPS Regulation are included.

The Central Bank published Issue 2 of 2018 of its Markets Update which covered (among other items), new procedures for submission of UCITS RMP documents.


Money Market Fund Regulation (MMFR)

The European Commission published a roadmap relating to a delegated act under the MMFR, which specifies quantitative and qualitative liquidity requirements applicable to assets received as part of a reverse repurchase agreement and on credit quality assessment. Under Articles 11, 15 and 22 of the MMFR, the Commission is to adopt three delegated acts following technical advice from ESMA.

The first two acts concern the introduction of detailed requirements for the methodology for a proper credit risk assessment. The third act is to link the MMFR with the Securitisation Regulation. The Commission will consolidate the three acts into a single delegated act. The Commission is open to receiving additional feedback until 12 February 2018.

For more information please contact a member of the Financial Regulation team.

Date published: 8 February 2018