FinTech: EU Commission publishes Action Plan
[Newsflash n. 44] On 8 March 2018, the EU Commission published a Communication on FinTech setting out 23 steps for a more competitive and innovative European financial sector (“FinTech Action Plan”). In light of [...]
Crypto currencies: EU urges for adoption of regulation
[Newsflash n. 43] There are currently more than 1100 crypto currencies trading in the financial market. Many governments feel crypto currency use would result in the loss of economic power and shift towards decentralisation of [...]
MiFID II Target Market: ACEPI issues assessment guidelines
[Newsflash n. 42] ACEPI (the Italian association of Certificates and Investment Products) published a set of guidelines to facilitate the identification of the potential Target Market for certificates and investment products (the “Guide”) in accordance [...]
MiFID II: CONSOB adopts the new Regulation on Intermediaries
20 February 2018 – The new CONSOB Regulation on Intermediaries (n. 20307 of 15 February 2018) comes into force today, following its publication in the Italian Official Gazette (Gazzetta Ufficiale). The Regulation concludes the [...]
ESAs warn consumers of risks in buying Virtual Currencies
The European Supervisory Authorities (ESAs) for securities (ESMA), banking (EBA), and insurance and pensions (EIOPA) have today issued a pan-EU warning to consumers regarding the risks of buying Virtual Currencies (VCs). The ESAs are concerned [...]
Virtual Currencies: MEF launches public consultation
[Newsflash n. 41] On 31 January 2017, the Italian Ministry of Economy and Finance (“MEF”) launched a public consultation on a draft Ministerial Decree introducing notification requirements for providers of virtual currency-related services (“Decree”). [...]