Asset and wealth management regulatory update: Apr–Jun 2025

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  • July 15, 2025
Liam O'Mahony

Liam O'Mahony

Partner, PwC Ireland (Republic of)

Our ​​a​​​sset and ​​w​​​​ealth ​​m​​​​anagement (AWM) regulatory update for the period April to July 2025 offers insights into various regulatory topics impacting AWM firms. This edition delves into key developments and issues relevant to the​industry, including: 

  • CP16: The Central Bank of Ireland (CBI) published its consultation paper on amendments to the Fitness and Probity (F&P) Regime.​ 
  • Implementing ​​r​​​​ules on ​l​iquidity ​m​​anagement ​t​ools for funds under AIFMD II​​​​​: ESMA published implementing rules on ​​​l​iquidity ​​​m​anagement ​​​tools (LMTs) for funds under AIFMD II, including ​​g​​​​uidelines and ​d​raft ​​​regulatory ​t​echnical ​​​s​tandards (RTS). ​ 
  • Final ​​​r​eport on ​​​t​echnical ​a​dvice on UCITS Eligible Assets Directive: ESMA ​issued its advice to the European Commission (EC) in ​​respect​​​​​​ of ​​amending ​​the UCITS Eligible Assets Directive (EAD) to facilitate market needs and developments since the​​ directive​​​​ ​​ was ​first ​issued in 2007.
  • Report on the implementation and functioning of the ​EU ​Securitisation Regulation​​​​​: ​​​The European Supervisory Authorities (ESAs) released a report ​​on the Securitisation Regulation​​’s functioning – ​​​ ​and how its reform under the Savings and Investments Union (SIU) could have a significant stimulating effect on the EU economy.​ 

AWM Regulatory Update — Q2 2025

Explore the regulatory topics affecting AWM firms.

Download (PDF of 1.38mb)

Contact us

Liam O'Mahony

Partner, PwC Ireland (Republic of)

Tel: +353 87 837 3576

Patrick Farrell

Senior Manager, PwC Ireland (Republic of)

Tel: +353 (0) 87 262 2507

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Mary Ruane

Mary Ruane

Partner, PwC Ireland (Republic of)

Trish Johnston

Trish Johnston

Assurance Leader, PwC Ireland (Republic of)

Tel: +353 86 814 5054

Marie Coady

Marie Coady

Global ETF Leader, PwC Ireland (Republic of)

Fiona Gaskin

Fiona Gaskin

Partner, PwC Ireland (Republic of)

Tel: +353 86 771 3665

Liam O'Mahony

Liam O'Mahony

Partner, PwC Ireland (Republic of)

Tel: +353 87 837 3576

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