Central Bank of Ireland Discussion Paper on Exchange Traded Funds

On 15 May 2017 the Central Bank issued a discussion paper on Exchange Traded Funds (“ETFs”). The consultation is directed at “stakeholders” in the ETF industry which include:


  • authorised participants;
  • ETF promoters;
  • market makers / liquidity providers; and
  • end users
  • The discussion paper has three key themes:
  • investor expectations;
  • liquidity; and
  • the increasing popularity of ETFs.
The purpose of the discussion paper, which runs to 100 pages, is for the Central Bank to seek the views of ETF stakeholders on the key themes and the Central Bank anticipates that the feedback on the discussion paper will
assist the Central Bank in influencing international discussions on ETFs. The focus of the Central Bank on ETFs reflects the fact that Ireland is the major location within the EU single market for the authorisation of ETFs.

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