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ARTICLE · 01 JULY 2025

ESMA Issues Advice On Eligible Assets Update

Arthur Cox
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Earlier today (26 June 2025) the European Securities and Markets Authority ("ESMA") published its long-awaited Final Report ("Report") on the technical advice for the review of the UCITS Eligible Assets Directive ("EAD").

IrelandFinance and Banking
Kevin Murphy
Kevin Murphy
Tara O'Reilly
Tara O'Reilly
Ian Dillon
Ian Dillon
Dara Harrington
Dara Harrington
Cormac Commins
Cormac Commins
Siobhan McBean
Siobhan McBean
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Introduction

Earlier today (26 June 2025) the European Securities and Markets Authority ("ESMA") published its long-awaited Final Report ("Report") on the technical advice for the review of the UCITS Eligible Assets Directive ("EAD"). The Report follows from ESMA's June 2023 mandate from the European Commission (the "Commission") to provide technical advice on the review of the EAD, including analyses and policy proposals on how to amend the EAD and, if appropriate, also the UCITS Directive in the medium to long-term. It also aims to harmonise the implementation of the EAD across EU Member States and reflect market and regulatory changes since its publication in 2007. See our previous updates on the Commission's 2023 request to ESMA and ESMA's 2024 Call for Evidence.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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