AML5
[Newsflash n. 52] The 5th AML Directive (“5AMLD” partially amending Directive (EU) 2015/849) has now been agreed and adopted by European Parliament as of 19 April 2018. The date of entry into force is set [...]
MiFID II: ESMA Q&A update 12 July 2018
[Newsflash n. 51] On 12 July 2018, ESMA updated its Question and Answers document on the implementation of investor protection topics under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). The purpose of [...]
EIOPA: first Q&A on application of IDD
On 11 July 2018, the European Insurance and Occupational Pensions Authority (EIOPA) published the first set of Questions & Answers on the application of the Insurance Distribution Directive (IDD) and its implementing regulations. These Q&As provide [...]
IDD implementation: CONSOB consultation on amendments to Issuers’ Regulation
[Newsflash n. 50] Further to the implementation in Italy of the Insurance Distribution Directive (2016/97/EU) (“IDD”) by legislative decree of 21 May 2018 published in the Italian Official Journal on 16 June 2018, which amended [...]
Outsourcing: EBA Guidelines under consultation
[Newsletter n. 11] On 22 June 2018 EBA launched a public consultation on its Guidelines on outsourcing that will repeal CEBS guidelines issued in 2006 (which only applied to credit institutions), in order to establish a more harmonized [...]
Italian Financial Advisors: a step forward to full operation of the OCF
[Newsflash n. 49] On 28 June 2018 CONSOB and the financial advisors’ supervisor (“OCF”) signed a memorandum of understanding (“MOU”) in accordance to which certain functions have been transferred from the Italian Financial Authority (CONSOB) [...]