129 Reporting Obligations slightly amended by Bank of Italy
[Newsflash n. 10] On 10 August 2016 Bank of Italy issued certain amendments to the article 129 implementing provisions (the “Rules”) which were adopted on 25 August 2015 and will enter into force on 1 October [...]
ESMA: second warning on CFDs and other speculative products
[Newsflash n. 9] On 25 July, in the context of its supervisory and control activity on the retail market and following its Opinion on MiFID practices for firms selling complex products, ESMA issued a [...]
IVASS: New investment limits for insurance companies
[Newsflash n. 8] On 6 June 2016, IVASS (the Italian Insurance Supervisory Authority) published Regulation n. 24 on investments and coverage of technical reserves (“Regulation 24/2016”), which replaces the previous IVASS Regulation n. 36/2011 [...]
CONSOB plans 3 further actions on retail distribution
[Newsflash n. 7] On 9 May 2016, CONSOB launched three public consultations concerning the retail distribution of financial products under different perspectives: (a) conduct of business under MiFID, (b) mitigation of liquidity risk, (c) [...]
D.L. 59/2016: Further provisions
Finanziamento con patto marciano Il Decreto ha stabilito la facoltà di ricorrere al cosiddetto “patto marciano” all'interno dei contratti di finanziamento sottoscritti tra istituti finanziari ed imprese. Grazie a tale possibilità, nel caso di una [...]
D.L. 59/2016: Recent developments in bankruptcy proceedings
Il decreto istituisce, presso il Ministero della Giustizia, un registro elettronico nel quale saranno pubblicate le informazioni ed i documenti relativi: alle procedure di espropriazione forzata immobiliare; alle procedure di fallimento, di concordato preventivo, di [...]