ON-LINE FINANCIAL SERVICES: EU COMMISSION PROPOSAL TO MODERNIZE THE APPLICABLE RULES
On 11 May 2022, the European Commission has adopted a reform of the current EU rules on Distance Marketing of Consumer Financial Services. Following the significant evolution of the sector over the last 20 years, [...]
CRYPTOCURRENCIES: new requirements for market players in Italy
Newsletter no. 21 On 17 February 2022, the Decree of the Ministry of Economy and Finance ("MEF Decree" or "Decree") was published on the Italian Official Journal, setting out the methods and timing by [...]
Prospectus Regulation: Guidelines CONSOB concerning the approval of Prospectuses
On 8 November 2021, Consob issued a document containing the guidelines of the scrutiny and approval process to be followed by the issuer, the offeror or the person asking for admission to trading on a regulated [...]
FINTECH: first Italian regulatory sandbox launched by Ministry of Finance
THE FINTECH COMMITTEE AND THE REGULATORY SANDBOX FOR THE DIGITALIZATION OF THE FINANCIAL SERVICES OF THE COUNTRY ARE UNDERWAY (JOIN PRESS RELEASE OF BANK OF ITALY, CONSOB, IVASS AND MINISTRY OF ECONOMY AND FINANCE OF [...]
ESMA confirms AFM’S ban on TURBOS and prompts other EU regulators to assess risks in their markets
[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 [...]
PATRIMONIO RILANCIO: CDP approves measures to support medium and large Italian companies
[Newsletter n. 19] On May 26, 2021, the Shareholders' Meeting of Cassa Depositi e Prestiti (CDP) approved the Patrimonio Rilancio (also known as “Patrimonio Destinato”) set out by Law Decree no. 34 of 2020. Patrimonio [...]