Regolamentazione Finanziaria e Servizi Pagamento – Pagina 8

27 09, 2017

EBA and ESMA provide guidance to assess the suitability of management body members and key function holders

By Legália| 2019-09-26T20:04:37+00:00 settembre 27th, 2017|Corporate Governance, Finance, Regolamentazione Finanziaria e Servizi Pagamento, Societario|

The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published on 26th September 2017 their joint Guidelines to assess the suitability of members of management bodies and key function holders. These Guidelines aim to harmonise and improve suitability assessments within EU financial sectors, and to ensure sound governance arrangements in financial […]

27 09, 2017

EBA publishes guidance to further harmonise EU banks internal governance

By Legália| 2019-09-26T20:05:53+00:00 settembre 27th, 2017|Corporate Governance, Finance, Regolamentazione Finanziaria e Servizi Pagamento, Societario|

The European Banking Authority (EBA) published on 26th September 2017 its revised Guidelines on Internal Governance. These Guidelines aim at further harmonising institutions’ internal governance arrangements, processes and mechanisms across the EU, in line with the new requirements in this area introduced in the Capital Requirements Directive (CRD IV) and also taking into account the […]

25 09, 2017

IVASS on IDD and product oversight and governance

By Legália| 2019-09-26T20:09:43+00:00 settembre 25th, 2017|Assicurazioni, Finance, Newsflash, Regolamentazione Finanziaria e Servizi Pagamento|

[Newsflash n. 36]

On 4 September 2017, IVASS – the Italian Insurance Authority – published a letter to the market (“Letter”) addressing the implementation in Italy of Directive 2016/97/EU on insurance distribution (“IDD”) and EIOPA preparatory guidelines on product oversight and governance (“POG”) arrangements for insurers and distributors (“EIOPA Guidelines”).

The main focus of […]

25 09, 2017

ESAs provide guidance to prevent terrorist financing and money laundering in electronic fund transfers

By Legália| 2019-09-26T20:10:51+00:00 settembre 25th, 2017|Capital Markets, Data Protection, Finance, FinTech, Regolamentazione Finanziaria e Servizi Pagamento, Servizi di Pagamento, Tecnologia, Comunicazione e Pagamenti|

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) released on September 22th 2017 guidelines to prevent the abuse of funds transfers for terrorist financing and money laundering purposes. These guidelines are part of the ESAs’ wider work on fostering a consistent approach to Anti-Money Laundering and Countering the […]

22 09, 2017

ECB: guide to assessments of FinTech Credit Institution License application

By Legália| 2019-09-26T20:12:07+00:00 settembre 22nd, 2017|Capital Markets, Finance, FinTech, Regolamentazione Finanziaria e Servizi Pagamento|

On 21 September 2017, ECB published a consultation for draft guides to bank licensing and fintech bank licensing.

The main aim of the bank licensing guide is to provide useful guidelines and standards covering license application in general; to provide an overview of application process, enhance the transparency of the assessment process and increase the […]

11 09, 2017

Basel Committee launches public consultation on FinTech

By Legália| 2019-09-26T20:13:40+00:00 settembre 11th, 2017|Capital Markets, Finance, FinTech, Regolamentazione Finanziaria e Servizi Pagamento, Servizi di Pagamento|

The Basel Committee on Banking Supervision released on 31 August 2017 a consultative document on the implications of fintech for the financial sector. Sound practices: Implications of fintech developments for banks and bank supervisors assesses how technology-driven innovation in financial services, or “fintech”, may affect the banking industry and the activities of supervisors […]

9 08, 2017

MiFID II in Italy: implementation in progress

By Legália| 2019-09-26T20:15:41+00:00 agosto 9th, 2017|Capital Markets, Finance, Newsflash, Regolamentazione Finanziaria e Servizi Pagamento|

[Newsletter n. 8]

In view of its application as of 3^rd of January 2018, Italy is moving forward in the implementation of MIFID II (Directive EU/2014/65) and delegated Directive at both primary and secondary level legislation.

PRIMARY LEGISLATION

With respect to the amendments of the Italian Financial Act (Legislative Decree 24 February 1998, n. 58, […]

20 07, 2017

SeDeX: closure of the regulated market and launch of a new MTF

By Legália| 2019-09-26T20:19:21+00:00 luglio 20th, 2017|Capital Markets, Finance, Newsflash, Regolamentazione Finanziaria e Servizi Pagamento|

[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 in particular the replacement of the SeDeX regulated market with a corresponding MTF.

In Borsa Italiana’s view, the broad definition of “derivative […]

6 07, 2017

ESMA proposes simplifications on prospectuses

By Legália| 2019-09-26T20:20:17+00:00 luglio 6th, 2017|Capital Markets, Finance, Regolamentazione Finanziaria e Servizi Pagamento|

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 and cheaper for companies, and in particular smaller companies, to access capital and improve prospectus accessibility for investors.

5 06, 2017

ESMA publishes final report on product governance guidelines to safeguard investors

By Legália| 2019-09-26T20:25:03+00:00 giugno 5th, 2017|Capital Markets, Finance, Regolamentazione Finanziaria e Servizi Pagamento|

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 distributors of financial products.

The requirements on product governance were introduced under MiFID II to enhance […]