Central Bank Feedback Statement On Discussion Paper 6 On ETFs

On 14 September 2018, the Central Bank of Ireland (the "Central Bank") issued its eagerly anticipated 'Feedback Statement' on Discussion Paper 6 - Exchange Traded Funds. The outcome of the discussion paper is the culmination of over a year's analysis into the exchange traded fund's industry. The Central Bank's views on certain matters which were subject to the Discussion Paper consultation have been outlined and, in an Irish context, the Feedback Statement sets out some policy changes which have resulted from industry's dialogue on the specific themes raised.

Discussion Paper 6 sought to address certain key themes which relate to European exchange traded funds including, amongst others, disclosures relating to Authorised Participants and Official Liquidity Providers; portfolio disclosures; share class dealing arrangements; ETF and non-ETF share classes, ETF market liquidity and European ETF Specific Considerations.