MIFID II – Inducements: update to Q&A
[Newsflash n. 38] On 10 November 2017, Esma published an update to its Q&A on MiFID II and MiFIR investor protection and intermediaries topics. The update concerns, inter alia, the following clarifications on inducements. Section [...]
Initial Coin Offerings (ICOs): warning for investors and firms
The European Securities and Markets Authority (ESMA) has today issued two Statements on Initial Coin Offerings (ICOs), one on risks of ICOs for investors and one on the rules applicable to firms involved in ICOs. ESMA has observed a [...]
AIM Italia: amendments to listing rules
[Newsflash n. 37] On 3 November 2017, Borsa Italiana published certain amendments to the Rules of AIM Italia market that will enter into force on 3 January 2018, in order to improve the efficiency [...]
The EU Commission and SEC issue measures to facilitate cross-border implementation of MiFID II requirements on investment research
[Newsletter n. 10] On 27 October 2017, the European Commission issued a guidance in the form of Frequently Asked Questions (“FAQ”), aimed at clarifying certain concerns raised by the analyst research industry in connection [...]
MAR: Linee Guida CONSOB
[Newsletter n. 9] MAR: pubblicate le Linee Guida CONSOB sulla gestione di informazioni privilegiate e sulle raccomandazioni di investimento In data 13 ottobre 2017, all'esito della consultazione conclusa il 6 giugno 2017 (si veda Newsletter n.7), [...]
EBA final Guidelines on complaints procedures under PSD2
The European Banking Authority (EBA) published on 13 October 2017 its final Guidelines on complaints procedures to be followed by competent authorities (CAs) to ensure and monitor effective compliance by payment service providers (PSPs) with [...]