MiIFID II: Consob warns intermediaries on full costs disclosure
[Newsflash n. 61] On 28 February 2019, Consob has published a Warning for the intermediaries to be compliant with MiFID II rules on transparency of costs. Compared to MiFID I, MiFID II transparency and disclosure regime requires [...]
EIOPA calls upon national supervisory authorities to minimise the detriment to insurance policyholders and benificiaries in case of a no withdrawal agreement between the United Kingdom and the European Union
Frankfurt, 19 February 2019 – Today, the European Insurance and Occupational Pensions Authority (EIOPA) issued Recommendations for the insurance sector in light of the United Kingdom (UK) withdrawing from the European Union without a withdrawal agreement. [...]
Brexit: Bank of Italy calls on UK financial institutions operating in Italy
[Newsflash n. 60] On 19 February 2019 the Bank of Italy published a Call on British financial institutions (banks, payment institutions and e-money institutions) that currently provide services in Italy via branches, under the freedom [...]
Brexit: Bank of Italy calls on UK financial institutions operating in Italy
[Newsflash n. 60] On 19 February 2019 the Bank of Italy published a Call on British financial institutions (banks, payment institutions and e-money institutions) that currently provide services in Italy via branches, under the freedom [...]
ESMA to recognise three UK CCPs in the event of a no-deal Brexit
The European Securities and Markets Authority (ESMA) has today announced that in the event of a no-deal Brexit, three central counterparties (CCPs) established in the United Kingdom (UK) – LCH Limited, ICE Clear Europe Limited [...]
EIOPA welcomes agreement on a Pan-European Personal Pension Product
The European Insurance and Occupational Pensions Authority (EIOPA) welcomes the agreement reached by the European Parliament and the Members States on the proposal for a Pan-European Personal Pension Product, the PEPP. Gabriel Bernardino, Chairman [...]