[Newsflash n. 68]
In attuazione del Decreto Crescita (Decreto Legge 30 aprile 2019, n. 34, convertito dalla Legge 28 giugno 2019, n. 58) che ha introdotto la possibilità di sperimentare progetti a contenuto innovativo, senza completare l’intero processo autorizzativo-regolamentare ordinario, naturalmente a determinate condizioni e per un tempo limitato (“Sandbox”), il MEF ha posto in
[Newsflash n. 66]
Durante il periodo di vigenza del decreto legislativo n. 129 del 2017, che recepisce nell’ordinamento italiano la Direttiva UE 2014/65 / UE (“MiFID II”) e il Regolamento UE 2014/600 / UE (“MiFIR”), le autorità nazionali di vigilanza hanno avuto modo di constatare l’esistenza di alcune criticità nella legislazione di recepimento e hanno provveduto […]
[Newsflash n. 62]
As anticipated in January 2019 by the Ministry of Economy and Finance (see our Newsflash n. 59), on 26 March 2019, the Law Decree No. 22/2019 (“Stability Decree”) came into force introducing a temporary permission regime setting out the procedure that will allow […]
[Newsflash n. 60]
On 19 February 2019 the Bank of Italy published a Call on British financial institutions (banks, payment institutions and e-money institutions) that currently provide services in Italy via branches, under the freedom to provide services, or through distributors to send to their Italian clients a detailed, personalized and […]
The Ministry of Economy and Finance announces transitional measures
[Newsflash n. 59]
On 24 January 2019, the Ministry of Economy and Finance published a press release stating that it has drafted – in close consultation with the regulatory authorities and after discussions with trade associations – necessary measures to ensure full continuity of regulated activities in […]
[Newsletter n. 15]
On the 1st of January 2019, the Budget Law for 2019 (Law No. 145/2018) came into force. This law contains, inter alia, certain provisions that have an impact on the domestic banking and financial regulatory framework. In particular, we have highlighted the following:
• [Venture Capital] the allocation of resources for […]
[Newsflash n. 57]
The New Regulation 2018/1807 on the free movement of non personal data in the European Union, promoted by the European Commission and approved by the European Council and European Parliament entered into force on 14th November 2018.
Such regulation saw the light at the end of a long development phase started in January […]
[Newsflash n. 55]
On 29 November 2018, CONSOB published the Resolution n. 20686/2018 dated 9 November 2018 in the Italian Official Gazette, which amended Article 34-ter of CONSOB Issuers’ Regulation setting out the exemptions from the obligation to publish a prospectus, with particular regard to the threshold under which public offerings are exempted. In particular, CONSOB […]
[Newsletter n. 13]
On the 10th January 2017 the European Commission presented a proposal of regulation in relation to the processing of personal data and the protection of privacy in electronic communications, intended to supersede directive 2002/58/EC. This proposal of regulation aims at updating the current legislation to contribute to the development of the digital […]
[Newsflash n. 54]
In the last two weeks Consob suspended two Initial Coin Offerings (“ICOs”) promoted by non-Italian companies addressed to Italian investors: (i) the offer of token TGA by an English company “Togacoin LTD” (Resolution n. 20660 of 31 October 2018) and (ii) the offer of digital currency Crypton promoted […]