Bank of Italy has published the new Occasional Papers (nn. 831-836):

• No. 836 – Distributional Wealth Accounts: methods and preliminary evidence
• No. 835 – Seasonal adjustment of credit time series in the Bank of Italy
• No. 834 – ‘There has been an awakening’. The rise (and fall) of inflation in the euro area
• No. 833 – Banks’ operational resilience during pandemics
• No. 832 – Was Covid-19 a wake-up call on climate risks? Evidence from the greenium
• No. 831 – Weathering the storm: a characterization of the recent terms-of-trade shock in Italy

(Only in Italian)

IVASS has has ordered to be blacked out the following websites:

• assicurati-prima.online
• assicuratiprima.it
• www.studioassicura.it
• primepreventiviofficial.com
• www.adessobroker.com
• www.ellegiassicura.com
• www.agenziapalma.com

(Only in Italian)

Published in the Official Journal No. 60 of 12 March 2024, Law No. 21 of 5 March 2024, ‘Interventi a sostegno della competitività dei capitali e delega al Governo per la riforma organica delle disposizioni in materia dei mercati dei capitali recate dal testo unico di cui al decreto legislativo 24 febbraio 1998, n. 58, e delle disposizioni in materia di società di capitali contenute nel codice civile applicabili anche agli emittenti’ (Capital Law)

La Legge Capitali è composta da 27 articoli, così suddivisi:

• semplificazione in materia di accesso e regolamentazione dei mercati di capitali (capo I)
• disciplina delle autorità nazionali di vigilanza (capo II)
• misure di promozione dell’inclusione finanziaria (capo III)
• modifiche alla disciplina del patrimonio destinato (capo IV)
• disposizioni finanziarie (capo V)

La Legge entrerà in vigore il 27 marzo 2024.

Following the February 2023 revisions to the Recommendation 25 on Beneficial ownership and transparency of legal arrangements of Financial Action Task Force, or Groupe d’action financière (FATF-GAFI), the FATF-GAFI has updated its guidance for this Recommendation

The Guidance aims to:

• assist countries and the private sector to better understand how transparency requirements apply to legal arrangements
• it sets out practical guidance on how to understand and assess the money laundering and terrorist financing risks associated with trusts and similar legal arrangements
• it explains the FATF-GAFI’s requirements to obtain adequate, accurate and up-to-date beneficial ownership information for express trusts and similar legal arrangements, and highlights mechanisms to verify this information
• highlights the importance of international co-operation, given that such arrangements may potentially be abused to facilitate cross-border money laundering or terrorist financing.

EBA has published the final draft Regulatory Technical Standards (RTS) that set out the requirements, templates and procedures for handling complaints received by issuers of asset reference tokens (ARTs)

The draft RTS set out requirements related to the complaints management policy and function, the provision of information to holders of ARTs and other interested parties, templates, recordings, languages, the procedure to investigate complaints and to communicate the outcome of the investigations to complainants, and specific provisions for complaints handling involving third-party entities.