DL 59/2016: the new regime of pledge on movable goods
Con il Decreto Legge n. 59 del 3 maggio 2016, il Governo è intervenuto introducendo una innovativa figura di pegno mobiliare non possessorio: limitato ai beni inerenti all’esercizio dell’impresa e finalizzato a coniugare l’esigenza del finanziamento [...]
ESMA clarifies the feasibility of offers going beyond the validity of the base prospectus
[Newsflash n. 6] The European Securities and Markets Authority (ESMA) has updated its Q&A on prospectus related issues. The updates concern: (i) the possibility for a base prospectus (BP) to include an additional column [...]
CONSOB publishes best practices for control of tied agents
[Newsletter n. 4] As a result of a survey on the internal control procedures on the distribution network of financial intermediaries, on 15 February 2016 Consob published Communication n.0012130 dated 11 February 2016, which [...]
EU Commission plans to extend by one year the implementation of MiFID II
[Newsflash n. 5] Taking on board the warning from ESMA about the exceptional technical implementation challenges faced by regulators and market participants, the European Commission issued a proposal for a directive to grant national [...]
Borsa fine tunes the modality of cancellation of warrants
[Newsflash n. 5] Borsa Italiana amended the Instructions accompanying the Rules of the Market regarding the modality of the delisting of warrants. In order to ensure the possibility to exercise financial instruments deriving from [...]
ADR CONSOB: new consultation launched
[Newsflash n. 4] In view of a more efficient investor protection, on 8 January 2016, CONSOB launched the public consultation concerning the “Regulation on the alternative dispute resolution mechanism for financial disputes” (“ADR Regulation”). [...]