[Newsflash n. 46]
On 18 April 2018, IVASS published a Letter to the market extending to EU insurance undertakings conducting business in Italy the application of the Guidelines for the simplification of insurance contracts.
Based on the findings that the majority of customers’ claims were due to the dissatisfaction from ambiguity and lack of clearness of contractual […]
[Newsflash n. 45]
On 27 March 2018, ESMA announced its resolution to impose temporary measures to restrict contracts for differences and prohibit binary options.
After the entry into force of MiFID II on 3 January 2018, this is the first product intervention activity undertaken by ESMA pursuant to its power of intervention set out by Article […]
Legália enters into a partnership with Business School 24 S.p.A. in connection with the “30th edition of Master in Law and Business” organized by Business School 24.
The partnership envisages that Legália will host post-graduate students, who attended the Master, to its offices offering first-hand experience with the aim of completing the education process that students […]
[Newsflash n. 44]
On 8 March 2018, the EU Commission published a Communication on FinTech setting out 23 steps for a more competitive and innovative European financial sector (“FinTech Action Plan”).
In light of the rapid growth of FinTech and its crucial position at the crossroads of the financial services and the Digital Single Market, the […]
[Newsflash n. 38]
On 10 November 2017, Esma published an update to its Q&A on MiFID II and MiFIR investor protection and intermediaries topics.
The update concerns, inter alia, the following clarifications on inducements.
Section 12
1. Does Article 24(9) of MiFID II also apply to payments made by investment firms to a third party in relation to […]
The European Securities and Markets Authority (ESMA) has today issued two Statements on Initial Coin Offerings (ICOs), one on risks of ICOs for investors and one on the rules applicable to firms involved in ICOs.
ESMA has observed a rapid growth in ICOs globally and in Europe and is concerned that investors may be unaware of the high […]
[Newsletter n. 9]
MAR: pubblicate le Linee Guida CONSOB sulla gestione di informazioni privilegiate e sulle raccomandazioni di investimento
In data 13 ottobre 2017, all’esito della consultazione conclusa il 6 giugno 2017 (si veda Newsletter n.7), la CONSOB ha pubblicato le Linee Guida in materia di “
The EBA published on 12 October 2017 an Opinion on Brexit to ensure the consistent application of Union legislation to businesses seeking to establish or enhance their EU27 presence in order to retain access to the EU Single Market. The Opinion aims at providing greater certainty to firms and ultimately at ensuring […]
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published on 26th September 2017 their joint Guidelines to assess the suitability of members of management bodies and key function holders. These Guidelines aim to harmonise and improve suitability assessments within EU financial sectors, and to ensure sound governance arrangements in financial […]
