MiFID II: new provisions to supplement the Italian implementing legislation
[Newsflash n. 66] During the period of application of the legislative decree n. 129 of 2017, implementing EU Directive 2014/65/EU (“MiFID II”) and EU Regulation 2014/600/EU (“MiFIR”) in the Italian legal system, national Supervisory Authorities [...]
Equity and “debt” crowdfunding: new financing tools for SMEs
[Newsletter n. 17] Italy has been the first EU Member State to equipe itself with a regulation for equity crowdfunding in 2013 (Consob Regulation no. 18592 of 26 June 2013) (“Crowdfunding Regulation”) and now a [...]
The EBA calls on the European Commission to take action to facilitate the scaling up of cross-border activity
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 [...]
EBA publishes Opinion on disclosure to consumers buying financial services through digital channels
The European Banking Authority (EBA) published today an Opinion addressed to the EU Commission with recommendations to ensure that disclosure requirements in EU law take account of the increasing use of digital marketing channels for [...]
Brexit: Consob requirements for intermediaries in case of no-deal
Consob published Warning no. 5 of 17th October 2019 concerning the requirements that intermediaries providing investment services shall comply with in order to continue their regulated activity in Italy in case of no-deal Brexit. Source: Consob
Prospectus Regulation: Consob adapts national regulation regarding Risk Factors
Warning Notice no. 4/2019 of September 18, 2019 Subject: ESMA guidelines on risk factors pursuant to the new Prospectus Regulation and revocation of CONSOB Recommendations n. 7105108 (29.11.2007) and n. 0096857 (28.10.2016) concerning, respectively, the [...]