Central Bank of Ireland publishes Markets Update No 6 of 2024

On 14 June 2024, the Central Bank of Ireland (the Central Bank) published Issue No 6 2024 of its regular Markets Update, in which it sets out alerts of interest to Irish regulated firms and other market participants.

For our summaries of the previous issues, please see the Related Articles at the foot of this page.

The new Update contains the following three items:

• ESMA statement on good practices in relation to pre-close calls

On 29 May 2024, ESMA published a statement in relation to good practices around "pre-close calls".

"Pre-close calls" are communication sessions between an issuer and an analyst or group of analysts who generate research, forecasts, and recommendations related to the issuer's financial instruments for their clients.

Such calls usually take place immediately before the periods preceding an interim or a year-end financial report, when issuers refrain from providing any additional information or updates, and  can influence market expectations and instrument prices.

• New and updated Central Bank Guidance and Forms - MiFID Investment Firm authorisation and voluntary revocation processes

On 1 May 2024, the Central Bank of Ireland ("Central Bank") published three Guidance Notes for industry on the MiFID Investment Firm authorisation process. 

All of the documents can be found on the Central Bank's MiFID Investment Firms - Authorisation Process webpage.

• The EBA and ESMA publish a discussion paper on the potential review of the investment firms' prudential framework

ESMAand the EBA have jointly published a discussion paper on the potential review of the investment firm prudential framework Feedback will inform their response to a European Commission Call for Advice.

The consultation closes on 3 September 2024.