ESMA: Product intervention on CFDs and binary options
The European Securities and Markets Authority (ESMA) has formally adopted final product intervention measures on the provision of contracts for differences (CFDs) and binary options to retail investors (see our Newsflash n. 45). The measures have been [...]
MIFID II: new Guidelines on suitability requirements
[Newsflash n. 48] On 28 May 2018 ESMA published the Final Report on the “Guidelines on certain aspects of the MiFID II suitability requirements”, which confirm, broaden and replace the existing MiFID I guidelines on [...]
MAR in Italy: towards full implementation
[Newsflash n. 47] Il giorno 16 maggio 2018, il Consiglio dei Ministri ha approvato in via preliminare lo schema di decreto legislativo per l’adeguamento della normativa nazionale alle disposizioni MAR (Regolamento UE n. 596/2014). Le disposizioni [...]
ECB to enhance resilience to cyber attacks
On 2 May 2018 the European Central Bank (ECB) published the European framework for Threat Intelligence-based Ethical Red Teaming (“TIBER-EU Framework”), the first Europe-wide framework for controlled and bespoke tests to improve the resilience of [...]
IVASS: simplification of insurance contracts
[Newsflash n. 46] On 18 April 2018, IVASS published a Letter to the market extending to EU insurance undertakings conducting business in Italy the application of the Guidelines for the simplification of insurance contracts. Based on the [...]
MiFID II – PRODUCT INTERVENTION: ESMA restrictions on CFD and Binary Options to retail
[Newsflash n. 45] On 27 March 2018, ESMA announced its resolution to impose temporary measures to restrict contracts for differences and prohibit binary options. After the entry into force of MiFID II on 3 January [...]