9 02, 2024

La Relazione annuale sulla Corporate Governance e la Lettera del Presidente del Comitato per la Corporate Governance

By | February 9th, 2024|Newsflash|

Lunedì 12 febbraio si terrà il seminario a Roma e a Milano di presentazione del Rapporto di Assonime sulla Corporate Governance.

Il Rapporto di Assonime ha costituito la base per l’elaborazione della Relazione annuale del Comitato per la Corporate Governance e per l’individuazione delle raccomandazioni del Comitato per il 2024 contenute nella Lettera […]

5 04, 2023

PROSPETTO PER L’OFFERTA AL PUBBLICO E QUOTAZIONE DI TITOLI: Raccolta Orientamenti Consob

By | April 5th, 2023|Finance, Financial Regulation, Newsflash|

(Only in italian)

Con Avviso del 31 marzo 2023, Consob ha comunicato di aver raccolto in un documento unico le comunicazioni sulla disciplina in materia di prospetti informativi.
Dopo l’ultimo intervento regolamentare dell’agosto 2022 la Consob ha attuato uno sfoltimento e un riordino delle sue comunicazioni succedutesi nel tempo, raccogliendole in un unico documento, che fornisce […]

30 06, 2022

In Italy on 30 June 2022 pecuniary sanctions in case of refusal to accept electronic payments become applicable

By | June 30th, 2022|Newsflash, Payment Services|

[Newsflash n. 79]

For entities carrying out activities involving the sale of products and the provision of services, including professional services, paragraph 4, Article 15 of Law Decree No. 179 of 18 October 2012 introduced the obligation to accept payments by cards without, however, providing for any type of sanction in the event of violation as […]

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 […]

6 01, 2021

BREXIT: British financial intermediaries operating in Italy

By | January 6th, 2021|Capital Markets, Finance, Financial Regulation, Newsflash, Payment Services|

[Newsflash n. 74]

On 31 December 2020 the Italian Government has issued Law Decree No. 183 (c.d. “Milleproroghe Decree”), which (under Section 22) sets out provisions governing the operation of British financial intermediaries and insurance companies after the expire of the transitional period on 31 December 2020 (“Transitional Period”) envisaged by […]

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 […]

1 12, 2020

CDP LAUNCHES THE RELAUNCH FUND FOR START-UPS AND INNOVATIVE SMES

By | December 1st, 2020|Capital Markets, Finance, Newsflash, Uncategorized|

[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 […]

10 08, 2020

PRIIPs: Consob consultation on new data exchange requirements for KIDs

By | August 10th, 2020|Capital Markets, Finance, Financial Regulation, Newsflash|

[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 […]

18 03, 2020

CONSOB: 3 months ban to short selling on the entire stock exchange list and enhanced transparency

By | March 18th, 2020|Capital Markets, Finance, Newsflash, Payment Services|

[Newsflash n. 70]

Due to the strong market turbulences triggered in the last days by the Covid-19 pandemic, Consob has introduced a prohibition of net short positions (short selling and other bearish operations) for three months (Resolution n. 21303 of March 17, 2020), following the positive opinion of ESMA.

For the first […]

13 03, 2020

SHORT SELLING: Temporary ban on several stocks

By | March 13th, 2020|Capital Markets, Finance, Financial Regulation, Insurance, Newsflash, Payment Services, Uncategorized|

[Newsflash n. 69]

The effect of the coronavirus on the economy is badly affecting also the stock markets and action has been taken by the EU competent authorities to mitigate the amplifying impact of short-selling, to reduce volatility and avoid inappropriate behavior of speculative investors. In particular:

ITALY

Borsa Italiana is recovering after the shock of yesterday like […]

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