22 06, 2020

MONTE TITOLI: new direct payment service for covered warrants and certificates

By | June 22nd, 2020|Capital Markets, Finance, Financial Regulation, Uncategorized|

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 […]

14 04, 2020

Enhanced Transparency: CONSOB introduces new rules on disclosure of significant shareholdings and “declaration of intentions”.

By | April 14th, 2020|Capital Markets, Finance, Financial Regulation, Uncategorized|

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 […]

25 03, 2020

CONSOB suspends the deadline for the payment of supervisory contributions and extends the suspension of all the terms of the proceedings under way at the ACF

By | March 25th, 2020|Finance, Financial Regulation, Uncategorized|

Consob,  taking into account the epidemiological emergency from Covid-19, decides to:

  • suspend until May 15, 2020 the deadline, already set for April 15, for the payment of supervisory contributions for 2020 due by Italian and foreign supervised entities (resolution no.21305 of March 18, 2020).
  • further extend, from March 22 to April […]
16 03, 2020

CONSOB renews the prohibition of short selling for 20 Italian shares on 17 March 2020

By | March 16th, 2020|Capital Markets, Finance, Financial Regulation, Insurance, Payment Services, Uncategorized|

Consob, with Resolution no. 21302, has decided to renew the prohibition of short selling in 20 Italian shares pursuant to Article 23 of Regulation (UE) no. 236/2012.

The restriction will apply for the entire trading day of 17 March 2020.

Moreover, Consob has decided to start the procedure for the adoption of further restrictive measures pursuant to Article 20 of […]

16 03, 2020

CONSOB suspends the procedure-related terms of the ongoing sanction proceedings and of the proceedings under way at the ACF

By | March 16th, 2020|Alternative Dispute Resolution, Dispute Resolution, Finance, Uncategorized|

Consob, with reference to the measures taken by the Italian Government in recent days to deal with the Coronavirus emergency, decides to suspend:

The goal is to guarantee […]

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 […]

18 02, 2020

Lawyers Moves

By | February 18th, 2020|News, Uncategorized|

As of March 2020 our special partner Salvatore Providenti will leave the Firm to join Carbonetti Studio Legale. The cooperation between Legália and Salvatore Providenti – which may continue in other forms – has been one of mutual enrichment, thanks to the thirty-years experience of Mr Providenti as CONSOB lawyer and the proficient skills of […]

5 12, 2019

Christmas Roundtable 2019

By | December 5th, 2019|Events, Uncategorized|

Presentazione del libro, edito da il Mulino

MONETA
Dai buoi di Omero ai Bitcoin

Riccardo De Bonis – Banca d’Italia, Servizio Analisi Statistiche
Maria Iride Vangelisti – Banca d’Italia, Divisione Strumenti e Servizi di Pagamento

Discussant
Prof. Avv. Francesco Carbonetti

Interventi programmati
Prof. Avv. Giandomenico Mosco – LUISS Guido Carli

11 11, 2019

The EBA calls on the European Commission to take action to facilitate the scaling up of cross-border activity

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

The European Banking Authority (EBA) published today a report identifying potential impediments to the cross-border provision of banking and payment services in the EU. Developed under the EBA’s FinTech Roadmap, this Report calls on the European Commission to facilitate cross-border access, including the update of interpretative communications on the cross-border provision […]

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