3 06, 2021

PATRIMONIO RILANCIO: CDP approves measures to support medium and large Italian companies 

By | June 3rd, 2021|Capital Markets, Commercial, Corporate, Finance, Newsletter|

[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 […]

29 12, 2020

ESMA guidelines for cloud outsourcing 

By | December 29th, 2020|Business Transactions, Commercial, Finance, Financial Regulation, FinTech, Newsflash, Technology, Communications and Payments|

[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 […]

28 11, 2019

Equity and “debt” crowdfunding: new financing tools for SMEs

By | November 28th, 2019|Business Transactions, Capital Markets, Commercial, Finance, Financial Regulation, FinTech, Newsletter, Payment Services, Technology, Communications and Payments|

[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 […]

11 11, 2019

EBA publishes Opinion on disclosure to consumers buying financial services through digital channels

By | November 11th, 2019|Capital Markets, Finance, Financial Regulation, FinTech, Payment Services, Technology, Communications and Payments, Uncategorized|

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 […]

28 01, 2019

ICO: Consob issues definitive ban of TGA token offering

By | January 28th, 2019|Finance, Financial Regulation, FinTech, Newsflash, Payment Services, Technology, Communications and Payments|

[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 […]

14 01, 2019

Regulation UE 2018\1807 about framework applicable to the free movement of non-personal data in the European Union

By | January 14th, 2019|Data Protection, Newsflash|

[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 […]

14 01, 2019

Binary options and contracts for differences: CONSOB launches consultation on permanent ban

By | January 14th, 2019|Business Transactions, Capital Markets, Finance, Financial Regulation, Newsflash|

[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 […]

5 12, 2018

Crowdfunding: CONSOB clarifications to ease access to capital market for SMEs

By | December 5th, 2018|Business Transactions, Capital Markets, Financial Regulation, FinTech, Newsflash|

[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 […]

4 12, 2018

The New EU proposal for an E-privacy regulation

By | December 4th, 2018|Data Protection, Newsletter, Payment Services, Technology, Communications and Payments|

[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 […]

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