19 05, 2022

ON-LINE FINANCIAL SERVICES: EU COMMISSION PROPOSAL TO MODERNIZE THE APPLICABLE RULES

By | May 19th, 2022|Capital Markets, Finance, Financial Regulation, FinTech|

On 11 May 2022, the European Commission has adopted a reform of the current EU rules on Distance Marketing of Consumer Financial Services.

Following the significant evolution of the sector over the last 20 years, the distance marketing of financial services to the public has seen many of the circumstances regulated by Directive 2002/65/EC on […]

4 05, 2022

Legália and Chiomenti in the acquisition of Hotel Giulio Cesare

By | May 4th, 2022|Finance, M&A, News, Real Estate|

The French group Centaurus has successfully acquired the two companies respectively owning and managing the Hotel Giulio Cesare in Rome.

Legália assisted the seller from inception during the negotiation phase to the execution of the sale with the team led by Vito Vittore, with Massimiliano Silvetti and Michele Trocano, and with the collaboration of Giorgio Scaglione. […]

16 11, 2021

Prospectus Regulation: Guidelines CONSOB concerning the approval of Prospectuses

By | November 16th, 2021|Finance|

On 8 November 2021, Consob issued a document containing the guidelines of the scrutiny and approval process to be followed by the issuer, the offeror or the person asking for admission to trading on a regulated market, in order to obtain the approval before publishing a prospectus for the offer to the public or admission of securities […]

20 07, 2021

FINTECH: first Italian regulatory sandbox launched by Ministry of Finance

By | July 20th, 2021|Finance, Financial Regulation, FinTech, Insurance|

THE FINTECH COMMITTEE AND THE REGULATORY SANDBOX FOR THE DIGITALIZATION OF THE FINANCIAL SERVICES OF THE COUNTRY ARE UNDERWAY (JOIN PRESS RELEASE OF BANK OF ITALY, CONSOB, IVASS AND MINISTRY OF ECONOMY AND FINANCE OF 17 JULY 2021)

The decree governing the operations and the powers of the FinTech Committee as the control room […]

9 06, 2021

ESMA confirms AFM’S ban on TURBOS and prompts other EU regulators to assess risks in their markets

By | June 9th, 2021|Capital Markets, Finance, Financial Regulation, Newsflash|

[Newsflash n. 75]

AFM (the Dutch financial authority) has taken product intervention measures in accordance with Article 42 of MIFIR (Regulation (EU) No 600/2014) and notified all other NCAs and ESMA of the details of its proposed measure. On 7 June 2021 ESMA issued its Opinion ESMA35-43-2524, concluding that the proposed measures are justified and […]

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 […]

9 02, 2021

CONSOB: Warning about web advertising of fictitious investments offering significant (often unlikely) returns

By | February 9th, 2021|Finance, Uncategorized|

Consob warns savers, with a specific Warning, about the advertising campaigns carried out through internet which foreshadow the possibility of gaining significant (often unlikely) financial returns in exchange of the proposed purchase of shares of well-known international technological and commercial companies, of renowned football clubs and/or crypto-currencies.
These initiatives could be aimed at the acquisition of […]

15 01, 2021

ESMA reminds firms of the MiFID II rules on reverse solicitation

By | January 15th, 2021|Capital Markets, Financial Regulation, Uncategorized|

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, is issuing a Public Statement to remind firms of the MiFID II requirements on the provision of investments services to retail or professional clients by firms not established or situated in the European Union (EU).

With the end of the UK […]

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