Bank of Italy and CONSOB launch consultation on reporting obligations for CIUs and AMCs
On 1 June 2017, Bank of Italy published a consultation document on certain amendments to the reporting rules of Bank of Italy and CONSOB for asset management companies (“AMCs”) and collective investment undertakings (“CIUs”).
Such changes aim at (a) streamlining the flow of information to the authorities, while reducing duties for firms; and (b) adapting […]