CONSOB: Q&As on public distribution on multilateral trading venues
[Newsflash n. 29] On 13 April 2017, CONSOB published some clarifications, in the form of Q&As, to the Recommendation n. 0092492 of 18 October 2016 (“Recommendation”) on the distribution of financial instruments through a [...]
Bank of Italy on unilateral amendment to contracts
[Newsflash n. 28] On 11 April 2017, Bank of Italy published a new communication to the market (dated 28 March 2017) regarding unilateral amendment of terms in banking and financial contracts with continuous or periodic [...]
ESAs consult on PSPs’ obligations for the prevention of Money Laundering and Terrorist Financing
[Newsflash n. 27] On 5 April 2017 the Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – “ESAs”) launched a public consultation on the Draft Joint Guidelines (“Draft Guidelines”) under [...]
ESMA updates MiFID II/MiFIR Investor Protection Q&As
The European Securities and Markets Authority (ESMA) has added 10 new Q&As to its Questions and Answers (Q&A) document on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation [...]
EU Commission launches a Consultation on FinTech
[Newsflash n. 26] Within a number of initiatives from organizations and authorities (see for instance, ESAs[1] and SEC[2] on robo-advisory, IOSCO[3] on FinTech and IAIS[4] on InsurTech) and the initial steps taken by the [...]
European Parliament approves revised Shareholders’ Rights Directive
On 14 March 2017, the European Parliament has voted its report on the revised Shareholders' rights directive. The final adoption step will take place in the European Council shortly. The directive will enter into force [...]