CONSOB to help investors against unauthorized financial activities
[Newsflash n.53] On 18 October 2018, Consob, the Italian financial authority, launched the tool “Occhio alle truffe!” (“Be aware of frauds”) that allows investors to check whether or not the financial offer that they are [...]
ESMA: renewal prohibition of binary option
On 24 August 2018, the European Securities and Markets Authority (ESMA) has agreed to renew the prohibition of the marketing, distribution or sale of binary options to retail clients, in effect since 2 July, from 2 October [...]
AML5
[Newsflash n. 52] The 5th AML Directive (“5AMLD” partially amending Directive (EU) 2015/849) has now been agreed and adopted by European Parliament as of 19 April 2018. The date of entry into force is set [...]
MiFID II: ESMA Q&A update 12 July 2018
[Newsflash n. 51] On 12 July 2018, ESMA updated its Question and Answers document on the implementation of investor protection topics under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). The purpose of [...]
EIOPA: first Q&A on application of IDD
On 11 July 2018, the European Insurance and Occupational Pensions Authority (EIOPA) published the first set of Questions & Answers on the application of the Insurance Distribution Directive (IDD) and its implementing regulations. These Q&As provide [...]
IDD implementation: CONSOB consultation on amendments to Issuers’ Regulation
[Newsflash n. 50] Further to the implementation in Italy of the Insurance Distribution Directive (2016/97/EU) (“IDD”) by legislative decree of 21 May 2018 published in the Italian Official Journal on 16 June 2018, which amended [...]