(Only in Italian)
Banca d’Italia ha pubblicato “Il mercato del lavoro: dati e analisi”, edizione maggio 2022.
IVASS remindes Insurance undertakings, whose head office is located within a country of the European Economic Area, pursuing business in Italy in life classes under the freedom to provide service shall send information about their insurance activity in italy limited to the section V (Intermediaries).
Data ara organized and submitted, by 30/06/2022, following instructions provided through the Letter of the Market of July 16th 2021, pursuant to article 28-septies of IVASS Regulation no. 44/2019
ESMA has updated the following Q&A:
- on the application of the AIFMD;
- on the application of the UCITS Directive;
- on the Central Securities Depositories Regulation;
- on the European crowdfunding service providers for business Regulation;
- on MiFID II and MiFIR transparency topics.
ESMA has published a study looking at the potential reasons behind the relatively lower ongoing costs, and better performance, of environmental, social and governance (ESG) funds compared to other funds, between April 2019 and September 2021.
The final draft RTS clarify that entities carrying out banking activities or services and which have been authorised and supervised in accordance with the EU prudential framework, shall not be considered as shadow banking entities.
For those entities established in a third country, the final draft RTS differentiate between institutions and other entities:
- Institutions are not identified as shadow banking entities provided they are authorised and supervised by a supervisory authority that applies banking regulation and supervision based on at least the Basel core principles for effective banking supervision.
- Other entities are not identified as shadow banking entities provided they are subject to a regulatory regime recognised as equivalent to the one applied in the Union for such entities in accordance with the equivalence provisions of the relevant Union legal act.
Undertakings included in the consolidated supervision of an institution are out of the scope of these final draft RTS. In addition, the final draft RTS clarify that central clearing counterparties (CCPs) are not identified as shadow banking entities when performing only clearing as defined in Article 2(3) of Regulation (EU) No 648/2012 (EMIR).