Outsourcing: EBA Guidelines under consultation
[Newsletter n. 11] On 22 June 2018 EBA launched a public consultation on its Guidelines on outsourcing that will repeal CEBS guidelines issued in 2006 (which only applied to credit institutions), in order to establish a more harmonized [...]
Italian Financial Advisors: a step forward to full operation of the OCF
[Newsflash n. 49] On 28 June 2018 CONSOB and the financial advisors’ supervisor (“OCF”) signed a memorandum of understanding (“MOU”) in accordance to which certain functions have been transferred from the Italian Financial Authority (CONSOB) [...]
ESMA: Product intervention on CFDs and binary options
The European Securities and Markets Authority (ESMA) has formally adopted final product intervention measures on the provision of contracts for differences (CFDs) and binary options to retail investors (see our Newsflash n. 45). The measures have been [...]
MIFID II: new Guidelines on suitability requirements
[Newsflash n. 48] On 28 May 2018 ESMA published the Final Report on the “Guidelines on certain aspects of the MiFID II suitability requirements”, which confirm, broaden and replace the existing MiFID I guidelines on [...]
MAR in Italy: towards full implementation
[Newsflash n. 47] Il giorno 16 maggio 2018, il Consiglio dei Ministri ha approvato in via preliminare lo schema di decreto legislativo per l’adeguamento della normativa nazionale alle disposizioni MAR (Regolamento UE n. 596/2014). Le disposizioni [...]
ECB to enhance resilience to cyber attacks
On 2 May 2018 the European Central Bank (ECB) published the European framework for Threat Intelligence-based Ethical Red Teaming (“TIBER-EU Framework”), the first Europe-wide framework for controlled and bespoke tests to improve the resilience of [...]