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 [...]
ESMA updates its Q&A on Prospectus Regulation
The European Securities and Markets Authority (ESMA) has added twenty-five new Q&A on Regulation (EU) 2017/1129 (the ‘Prospectus Regulation’). In view of the imminent application of the Prospectus Regulation from 21 July 2019, it is worth mentioning [...]
MEF: FIR (the fund to indemnify investors) becomes operational
[Newsflash n. 65] Further to the set-up of the Fund to indemnify investors who have suffered unfair damage from Italian banks subject to compulsory winding-up between 16 November 2015 and 1 January 2018 (Fondo Indennizzo [...]
Prospectus Regulation: Consob launched a public consultation on amendments to the Issuers’ Regulation
[Newsflash n. 64] On 20 June 2019 Consob submitted to public consultation certain amendments to the relevant secondary Consob Regulation n. 11971/1999 (also “Issuers’ Regulation”) as required to implement the Prospectus Regulation (Regulation (EU) 2017/1129). Prospectus Regulation (“PR”) As [...]
Binary options and CFD: CONSOB adopts prohibition and restriction measures
Consob introduced in Italy on a permanent basis - pursuant to Article 42 of the EU Regulation on financial instruments markets (MiFIR) and of art. 7-bis of the Consolidated Law on Finance - intervention measures [...]
CONSOB: Amendments to Regulation n. 18592 of 26 June 2013 on the collection of risk capital through online portals
CONSOB launched a public consultation on amendments to the regulation relating to crowdfunding for the impementation of the 2019 Budget Law (Law No. 145 of 30 December 2018). Please click here to review the Consultation Document (in Italian [...]