Asset and Wealth Management Regulatory Update — October to December 2024

Our Asset and Wealth Management (AWM) regulatory update for the period October to December 2024 offers insights into various regulatory topics impacting AWM firms. This edition delves into key developments and issues relevant to the AWM industry, including:

• Funds Sector Review 2030: The Department of Finance published its Final Report of the Funds Sector 2030 Review, featuring 42 recommendations to address industry issues and ensure the resilience of the Irish Funds industry.
• Dear Chair Letter: Primary and secondary market trading arrangements of ETFs: The CBI issued a Dear Chair Letter on ETF trading arrangements, focusing on authorised participants and market makers, outlining findings and follow-ups for fund management companies.
• Categorisation of products under SFDR: An overview of the EU Platform on Sustainable Finance’s proposal for categorising products to enhance transparency and alignment with investors’ sustainability preferences.
• AIFMD II — loan origination rules: A review of the European Securities and Markets Authority's (ESMA) consultation on the draft RTS for open-ended loan-originating AIFs under AIFMD II.