Crypto-assets: CONSOB orders termination of non-authorized investment activities in Italy
[Newsflash n. 63] Consob, following its previous resolutions (see our Newsflashes n. 54 and n. 58), continues its strict monitoring on activities concerning crypto-assets addressed to Italian investors. During the first week of May, Consob [...]
Notice of ESMA’s Product Intervention Renewal Decision in relation to contracts for differences
On 17 April 2019, the European Securities and Markets Authority (ESMA) adopted a Decision under Article 40 of Regulation (EU) No 600/2014 to renew the restriction on the marketing, distribution or sale of contracts for differences [...]
Brexit: Transitional measures for UK entities to operate in Italy
[Newsflash n. 62] As anticipated in January 2019 by the Ministry of Economy and Finance (see our Newsflash n. 59), on 26 March 2019, the Law Decree No. 22/2019 (“Stability Decree”) came into force introducing [...]
ICO and Crypto-assets: Call for Evidence published by CONSOB
[Newsletter n. 16] On 19 March 2019 Consob published a Call for Evidence on Initial Coin Offerings and Crypto-Assets Exchanges (click here for the Italian version or the English version) to elaborate a regulatory framework where the rapidly [...]
”HARD BREXIT”: Consob setting up the conditions for operational continuity of the markets
Consob has adopted a set of measures with the target to ensure the operational continuity of the markets in a post-Brexit context. In particular, Consob gave its authorization for operating in the United Kingdom to: [...]
ESMA sets out its approach to several MiFID II/MiFIR and BMR provisions under a no-deal Brexit
The European Securities and Markets Authority (ESMA) has today published a statement on its approach to the application of some key MiFID II/MiFIR and Benchmark (BMR) provisions should the United Kingdom (UK) leave the European Union (EU) [...]