On 15 December, a new procedure for accessing documents containing key information, the so-called KID of the PRIIPs – pre-assembled retail and insurance investment products – was defined with the obligation to make the PRIIPs-related information and structured data marketed in Italy accessible to Consob (Resolutions no. 21639 and n. 21640 of 15 December 2020 – Only Italian […]
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has renewed its decision to temporarily require the holders of net short positions in shares traded on a European Union (EU) regulated market, to notify the relevant national competent authority (NCA) if the position reaches, exceeds or falls below 0.1% of the issued […]
[Newsflash n. 72]
CDP Venture Capital SGR has set up a new “Fondo Rilancio”, which will invest the 200 M€ allocated by the Decreto Rilancio in Startups and Innovative SMEs.
CDP Venture Capital SGR set up a fund (the “Fondo Rilancio” – “Fund”), in charge of allocating 200 million euros, allotted by the Ministry of Economic […]
[Newsletter n. 18]
The EU Commission adopts a new set of measures to foster FinTech
On 24 September 2020, the European Commission has adopted a new Digital Finance Package that encompasses a broader strategy for digital finance and legislative proposals on crypto-assets and digital resilience. The goal is to make the EU financial sector more competitive so […]
The ECB, as guardian of the euro, provides currency in two forms: we issue banknotes and we transfer electronic deposits to banks and other financial institutions.
Digitalisation has spread to every corner of our lives and transformed how we pay. In this new era, a digital euro would guarantee that citizens in the euro area can […]
October 2020. We are pleased to announce the opening of the new branch in Italy of our client Leonteq Securities (Europe) Gmbh, German intermediary of the Swiss Leonteq Group, operating in the investment products industry.
Legália, with the team lead by our partner Vito Vittore, worked alongside Leonteq in the establishment of the branch in Milan in […]
[Newsflash n. 71]
Following the abrogation of Article 4-decies of Legislative Decree no. 58/1998 (Consolidated Finance Act, TUF) and the consequent repeal of the obligation of prior notification to Consob of PRIIPs KID (see our Newsflash no. 39), on 30 July 2020 Consob launched a public Consultation concerning certain amendments to Artcile 34-bis of Consob […]
Market Notice of 15 June 2020: amendments to Instructions for the CSD Service and for the Settlement Service and related instrumental activities.
Instructions of the CSD Service have been amended to introduce the possibility for issuers to instruct Monte Titoli for the payment of the amounts resulting from the exercise of covered warrants and certificates providing […]
Consob has adopted two measures (Resolutions n. 21326 of 9 April 2020 and n. 21327 of 9 April 2020 only Italian version) which, in the context of the new powers given to the Authority by the “Business Decree” (Law Decree No 23 of 8 April 2020), provide for a regime […]
Consob, taking into account the epidemiological emergency from Covid-19, decides to: