Welcome to the July 2025 edition of our Asset Management & Investment Funds Update.

In this month’s edition we look at:

• Dates & Deadlines: Q3 2025 / Q4 2025

Stay ahead of upcoming deadlines and key dates with our legal & regulatory tracker.

• Sustainability risks and disclosures: ESMA final report

On 30 June 2025, ESMA released its final report on the common supervisory action on the integration of sustainability risks and disclosures (CSA).

• UCITS eligible assets review: ESMA final report

Following its review of the UCITS Eligible Assets Directive (UCITS EAD), ESMA released a final report on 26 June 2025. The report contains assessment of the feedback from respondents to the consultation process and proposed legislative changes to the UCITS Directive and the UCITS EAD.

• Irish Funds sectoral anti-money laundering guidelines

Irish Funds has published sectoral guidance on AML and CFT policies, funds should take the opportunity to review their current policies and procedures to ensure that best practice continues to be implemented and to make refinements and enhancements where appropriate.

• Simplifying funds data reporting: ESMA requests feedback

ESMA released a discussion paper to gather feedback and input on how to integrate funds reporting, aiming to reduce the reporting burden for market participants. The discussion paper outlines options for improving different aspects of reporting, such as the scope of data, reporting processes and systems to ensure more efficient reporting and sharing of data between the authorities.

• Updates on 2025 Central Bank of Ireland supervisory work

The CBI has provided updates to industry on various current and proposed fund and fund service provider supervisory engagements.

• Central Bank of Ireland AI questionnaire

The Central Bank of Ireland (CBI) has issued a communication to firms inviting them to participate in an ESMA survey on Artificial Intelligence, with the objective of gaining a better understanding of how financial entities are using AI.

• Gender balance regulations for listed PLCs

On 30 May 2025, Irish legislation implementing a European directive with gender balance regulations for listed PLCs was published.

• ESMA updates Q&A on PRIIPs

ESMA issued an updated Q&A document on PRIIPs, addressing three new areas related to: Market risk measure (MRM) class determination; performance scenarios; and calculation of the summary cost indicators.

• Central Bank of Ireland planning for transition to Net Zero

The Central Bank of Ireland (CBI) has issued a publication to support financial services firms in planning for transition to Net Zero.