Ireland: Commodities/Derivatives/Stock Exchanges

The European Union's EMIR 3.0 framework introduces significant changes to counterparty risk management and central clearing requirements. How will these amendments to the UCITS Directive, CRD IV, and Investment Firms Directive reshape derivative transaction risk limits and CCP concentration risk monitoring? What specific obligations now face credit institutions, investment firms, and competent authorities under this new regulatory regime?

Ireland is a leading jurisdiction for the establishment of special purpose vehicles (SPVs) for synthetic securitisations and significant risk transfer transactions. The unrivalled strength of our Capital Markets, Tax, Financial Regulation and Listing capabilities makes Arthur Cox a market leader in this area.

The Central Bank of Ireland Governor addresses Europe's fragmented single market and its impact on capital formation, while new compliance assessments reveal governance weaknesses across MiFID firms. Meanwhile, AMLA advances its supervisory framework and the European Commission launches a comprehensive review of crypto-asset regulations.

On 24 December 2024, the package of proposals amending EMIR seeking to make derivatives clearing in the EU more attractive (EMIR 3.0) entered into force.

On 26 June 2025, ESMA published its technical advice on the review of the UCITS Eligible Assets Directive (Advice). The Advice is in response to a mandate issued to ESMA by the European Commission in 2023...

Welcome to our EU crypto update - a roundup of key Irish and EU legislative and regulatory developments shaping the crypto-asset sector.

As part of CSDR Refit, ESMA must prepare two sets of regulatory technical standards (RTS) on settlement discipline.

Governor Makhlouf delivers speech on Central Bank's financial consumer protection role at publication of OECD review...

Comprising a Regulation amending EMIR, and a Directive amending the UCITS Directive, the CRD IV Directive, and the Investment Firms Directive, EMIR 3.0 was published in the Official Journal on 4 December 2024.