IVASS issued two new Regulations on February 7, 2017
On 7 February, IVASS published two regulations, as delegated by the Private Insurance Code: Regulation no. 34/2017 concerning corporate governance provisions relating to the evaluation of assets and liabilities other than technical reserves and criteria for [...]
CONSOB: Alert on CFD and binary options
[Newsflash n. 24] With recent Communication of 7 February 2017, Consob has issued a warning to the market concerning the marketing of contract for difference (CFD), rolling spot forex and binary options. In light [...]
COVIP: feedback on the impact of bail-in on pension funds’ assets
On 26 January 2017, Covip (the Italian Pension Funds Authority) published its response to the question (posed by Assofondipensioni, an Italian non-profit industry association) on the impact of the bail-in rules to the assets in which supplementary pension [...]
EIOPA: Consultation on Guidelines on complex insurance-based investment products
On 2 February 2017 European Insurance and Occupational Pensions Authority (EIOPA) published a Consultation Paper on Guidelines on complex Insurance-Based Investment Products (IBIPs) that incorporate a structure which makes it difficult for the customer to understand [...]
ESMA on MiFIR product intervention powers
On 12 January 2017, the European Securities and Markets Authority (ESMA) issued an Opinion calling for consistent application of the product intervention powers under the Markets in Financial Instruments Regulation (MiFIR). From 3 January 2018, ESMA and NCAs will [...]
IVASS: draft letter to the market on product oversight and governance arrangements
IVASS launches consultation on a "letter to the market” regarding the implementation of the EIOPA "Preparatory Guidelines on product oversight and governance (POG) arrangements by insurance undertakings and insurance distributors" . On 13 April 2016 EIOPA published such [...]