Market Notice of 15 June 2020: amendments to Instructions for the CSD Service and for the Settlement Service and related instrumental activities.

Instructions of the CSD Service have been amended to introduce the possibility for issuers to instruct Monte Titoli for the payment of the amounts resulting from the exercise of covered warrants and certificates providing for the cash settlement of a monetary amount and to allow the management of tax compliance pursuant to article 871(m) on the same instruments where applicable.

Furthermore, the Settlement Service Instructions and related instrumental activities have been amended to clarify certain aspects relating to the management of corporate actions on flow in the event when Monte Titoli does not manage the underlying corporate operation.

The amendments will enter into force on the 1st July 2020.