ESMA prepares for no-deal Brexit
ESMA AGREES NO-DEAL BREXIT MOUS WITH THE BANK OF ENGLAND FOR RECOGNITION OF UK CCPS AND THE UK CSD 04 February 2019 The European Securities and Markets Authority (ESMA) has agreed Memoranda of Understanding [...]
No-deal Brexit: Italy is getting ready
The Ministry of Economy and Finance announces transitional measures [Newsflash n. 59] On 24 January 2019, the Ministry of Economy and Finance published a press release stating that it has drafted - in close consultation [...]
2019 Italian Budget Law: impact on banking and financial law
[Newsletter n. 15] On the 1st of January 2019, the Budget Law for 2019 (Law No. 145/2018) came into force. This law contains, inter alia, certain provisions that have an impact on the domestic banking and [...]
ICO: Consob issues definitive ban of TGA token offering
[Newsflash n. 58] Following the suspension of Initial Coin Offerings (“ICO”) of crypto assets (token TGA) promoted by an English company “Togacoin LTD” adopted by Consob on 31 October 2018 (see our Newsflash n.54), the [...]
Regulation UE 2018\1807 about framework applicable to the free movement of non-personal data in the European Union
[Newsflash n. 57] The New Regulation 2018/1807 on the free movement of non personal data in the European Union, promoted by the European Commission and approved by the European Council and European Parliament entered into [...]
Binary options and contracts for differences: CONSOB launches consultation on permanent ban
[Newsflash n. 56] On 7 January 2019, Consob launched a public consultation to endorse and make permanent the ban on retail offers of binary options (“BO”) and contracts for difference (“CFDs”) to retail investors as adopted [...]