ESAs warn consumers of risks in buying Virtual Currencies
The European Supervisory Authorities (ESAs) for securities (ESMA), banking (EBA), and insurance and pensions (EIOPA) have today issued a pan-EU warning to consumers regarding the risks of buying Virtual Currencies (VCs). The ESAs are concerned [...]
Virtual Currencies: MEF launches public consultation
[Newsflash n. 41] On 31 January 2017, the Italian Ministry of Economy and Finance (“MEF”) launched a public consultation on a draft Ministerial Decree introducing notification requirements for providers of virtual currency-related services (“Decree”). [...]
European Commission launches the EU Blockchain Observatory and Forum
On 1 February 2018 the European Commission launched today the EU Blockchain Observatory and Forum with the support of the European Parliament, represented by Jakob von Weizsäcker responsible for the recent report on virtual currencies. [...]
PRIIPs: CONSOB postpones deadline to notify pre-2018 KIDs
CONSOB, 30 January 2018 – In light of some issues in the initial application of the new European regulation on PRIIPs and considering the opportunity to further discuss such issues also at European level, the [...]
EIOPA: Guidelines on the “Comprehension Alert”
On 19 January 2018, EIOPA published the translations of the Guidelines under the Insurance Distribution Directive on insurance-based investment products (IBIPs) that incorporate a structure which makes it difficult for the customer to understand the risks involved into all [...]
Amendments to CONSOB’s Issuers’ Regulation
On 28 December 2017, CONSOB approved certain amendments to the Issuers’ Regulation (Regulation n. 11971 of May 14, 1999) aimed at implementing the (EU) Regulation n. 1286/2014, relating to documents containing key information for Packaged Retail and Insurance-based [...]