MAR: Consob endorses ESMA Guidelines on market soundings and delay of disclosure of inside information
On 14 December 2016, Consob published two Communications about its determination to comply with the ESMA Guidelines on Market Abuse Regulation (“MAR”) dated 13 July 2016. The first Communication (n. 0110351 of 14 December 2016) [...]
Guidelines on cryptography and key management, and requirements on privacy shielding for PIN entry
The EPC publishes today two updated documents useful for payment services providers and their technical suppliers, in particular professionals dealing with payment security issues. The “Guidelines on cryptographic algorithms usage and key management” specifies a number [...]
IVASS: new regulation on public disclosure and reporting
On 6 December 2016, IVASS (the Italian Insurance Supervisory Authority) published Regulation n. 33, concerning public disclosure and reporting. The Regulation, which will enter into force the day after its publication in the Italian Official [...]
Social lending: Bank of Italy issues provisions on savings collection by non-banks
[Newsflash n. 21] Social lending has now been recognized as official financing tool. On 8 November 2016, Bank of Italy published the long-awaited Provisions concerning Savings Collection by Non-Banks (“Provisions”), which will enter into force [...]
PRIIPs: recent developments in EU and Italy
[Newsflash n. 20] EU Parliament approves 1-year delay On 1st December 2016, the European Parliament voted to support a 1-year delay of the implementation of the Regulation (EU) No. 1286/2014 on key information documents [...]
Italian pension funds: clarification on limits of investment in AIF
[Newsflash n. 19] In its response to a request for clarification on investment limits of pension funds in alternative investment funds (“AIF”) – in line with a 2014 position of the Council of State [...]