SeDeX: closure of the regulated market and launch of a new MTF
[Newsflash n. 35] On 14 July 2017 Borsa Italiana published a draft set of amendments to its Market Rules and relevant Instructions to take into account the application of certain MiFID II provisions, including [...]
ESMA proposes simplifications on prospectuses
On 6 July 2017, the European Securities and Markets Authority (ESMA) published three Consultation Papers (CP) on the Prospectus Regulation. The Prospectus Regulation, in the context of the Capital Markets Union action plan, aims to make it easier [...]
The Italian Government publishes its new National Plan for Cyber Protection and Digital Security
[Newsflash n. 34] With publication on the Official Gazette of May 31th 2017, the Italian Government approved the new National Plan for Cyber Protection and Digital Security that defines new operational guidelines and objectives [...]
ESMA publishes final report on product governance guidelines to safeguard investors
On 2 June 2017, the European Securities and Markets Authority (ESMA) published its Final Report on product governance guidelines under the Markets in Financial Instruments Directive II (MiFID II) regarding the target market assessment by manufacturers and [...]
Bank of Italy and CONSOB launch consultation on reporting obligations for CIUs and AMCs
On 1 June 2017, Bank of Italy published a consultation document on certain amendments to the reporting rules of Bank of Italy and CONSOB for asset management companies (“AMCs”) and collective investment undertakings (“CIUs”). Such [...]
ESMA sets Principles for supervisory approach to relocations from the UK
[Newsflash n. 33] Today, 31 May 2017, ESMA has published an opinion (ESMA 42-110-433) setting out general principles aimed at supporting supervisory convergence in response to the increased requests from UK financial market participants seeking [...]