[Newsletter n. 19]
On May 26, 2021, the Shareholders’ Meeting of Cassa Depositi e Prestiti (CDP) approved the Patrimonio Rilancio (also known as “Patrimonio Destinato”) set out by Law Decree no. 34 of 2020.
Patrimonio Rilancio is an extraordinary and temporary measure (with a deadline of twelve years, that may be […]
[Newsflash n. 73]
Following the consultation launched on June 3 2020, on 18 December 2020 ESMA published the final report on its guidelines on outsourcing to cloud service providers (CSPs). The guidelines are intended to help companies identify, address, and monitor risks arising from cloud outsourcing arrangements and provide guidance to companies on a number […]
[Newsletter n. 17]
Italy has been the first EU Member State to equipe itself with a regulation for equity crowdfunding in 2013 (Consob Regulation no. 18592 of 26 June 2013) (“Crowdfunding Regulation”) and now a further step to foster this successful financing tool has been added to the existing infrastructure.
On 25 October 2019, the Crowdfunding […]
The European Banking Authority (EBA) published today an Opinion addressed to the EU Commission with recommendations to ensure that disclosure requirements in EU law take account of the increasing use of digital marketing channels for financial services and the resultant issues potentially affecting consumers. The recommendations relate primarily to the scope and consistency of disclosure […]
[Newsflash n. 58]
Following the suspension of Initial Coin Offerings (“ICO”) of crypto assets (token TGA) promoted by an English company “Togacoin LTD” adopted by Consob on 31 October 2018 (see our Newsflash n.54), the Regulator resolved for the definitive ban of the Togacoin ICO, pursuant to Article 99 paragraph 1(d) of Italian Financial […]
Regulation UE 2018\1807 about framework applicable to the free movement of non-personal data in the European Union
[Newsflash n. 57]
The New Regulation 2018/1807 on the free movement of non personal data in the European Union, promoted by the European Commission and approved by the European Council and European Parliament entered into force on 14th November 2018.
Such regulation saw the light at the end of a long development phase started in January […]
[Newsflash n. 56]
On 7 January 2019, Consob launched a public consultation to endorse and make permanent the ban on retail offers of binary options (“BO”) and contracts for difference (“CFDs”) to retail investors as adopted by ESMA pursuant to article 40 of MIFIR Regulation on 22 May 2018 and then extended […]
[Newsflash n. 55]
On 29 November 2018, CONSOB published the Resolution n. 20686/2018 dated 9 November 2018 in the Italian Official Gazette, which amended Article 34-ter of CONSOB Issuers’ Regulation setting out the exemptions from the obligation to publish a prospectus, with particular regard to the threshold under which public offerings are exempted. In particular, CONSOB […]
[Newsletter n. 13]
On the 10th January 2017 the European Commission presented a proposal of regulation in relation to the processing of personal data and the protection of privacy in electronic communications, intended to supersede directive 2002/58/EC. This proposal of regulation aims at updating the current legislation to contribute to the development of the digital […]