(Only in Italian)

Pubblicato in Gazzetta Ufficiale n. 268 del 10 novembre 2021 il Regolamento di Banca d’Italia che disciplina i procedimenti amministrativi e le fasi procedimentali della Sandbox regolamentare di competenza dell’Autorità.

The Financial Action Task Force (FATF), the international body that coordinates anti-money laundering and counter-terrorist financing policies, has published an updated version of its Guidance on the Risk-Based Approach for Virtual Assets (VA) and Virtual Asset Service Providers (VASP).

The changes cover six main areas in order to provide:

• clarification of the definitions of VAs and VASPs;
• guidance on how the FATF standards apply to so-called stablecoins;
• guidance on risks and potential risk mitigation factors for peer-to-peer transactions,
• updated guidance on the authorisation and registration of VASPs,
• guidance for the public and private sectors on implementing the ‘travel rule’ to collect and share financial transaction data with regulators;
• guidance on information sharing and cooperation between VASPs and regulators.

Published in the Official Journal of the European Union on 12 November 2021, the Implementing Regulation (EU) 2021/1964 laying down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 30 September 2021 until 30 December 2021 in accordance with Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II).

The Regulation shall apply from 30 September 2021.

The European Banking Authority (EBA) published today the Final Paper of its Guidelines on a common assessment methodology for granting authorisation as a credit institution.

The Guidelines are addressed to all competent authorities across the EU in charge of granting authorisation as a credit institution, and covers the authorisation requirements set out in the Capital Requirements Directive (CRD).