ESAs consult on packaged retail and insurance-based investment products with environmental or social objectives (EOS PRIIPs)
On 10 February 2017, the European Supervisory Authorities (ESAs) launched a consultation on a proposal to set minimum requirements, which manufacturers of packaged retail and insurance-based investment products with environmental or social objectives (EOS PRIIPs) [...]
IOSCO Report on FinTech
On 8 February 2017, IOSCO published a report on the evolution of financial technologies and its intersection with securities markets regulation. Many definitions of FinTech have been provided in the last year or so. IOSCO [...]
IVASS issued two new Regulations on February 7, 2017
On 7 February, IVASS published two regulations, as delegated by the Private Insurance Code: Regulation no. 34/2017 concerning corporate governance provisions relating to the evaluation of assets and liabilities other than technical reserves and criteria for [...]
CONSOB: Alert on CFD and binary options
[Newsflash n. 24] With recent Communication of 7 February 2017, Consob has issued a warning to the market concerning the marketing of contract for difference (CFD), rolling spot forex and binary options. In light [...]
COVIP: feedback on the impact of bail-in on pension funds’ assets
On 26 January 2017, Covip (the Italian Pension Funds Authority) published its response to the question (posed by Assofondipensioni, an Italian non-profit industry association) on the impact of the bail-in rules to the assets in which supplementary pension [...]
EIOPA: Consultation on Guidelines on complex insurance-based investment products
On 2 February 2017 European Insurance and Occupational Pensions Authority (EIOPA) published a Consultation Paper on Guidelines on complex Insurance-Based Investment Products (IBIPs) that incorporate a structure which makes it difficult for the customer to understand [...]