ECB launches a public consultation on a guide to the fit and proper assessments of bank board members
[Newsflash n. 18] On 14 November 2016 the European Central Bank (“ECB”) launched a public consultation concerning the criteria and procedures for determining suitability of bank board members.In the framework of the Single Supervisory Mechanism (“SSM”), [...]
CONSOB guidelines on the paragraph “Warning for the Investor” in Italian prospectuses
[Newsflash n. 17] On 28 October 2016 CONSOB issued Recommendation n. 0096857 (the “Recommendation”) on the drafting and inclusion of a paragraph “Warning for the Investor” (the “Warning”) in Italian prospectuses for public offering and/or [...]
CONSOB launches a public consultation for the implementation of MAR
[Newsflash n. 16] On 24 October 2016 CONSOB published a Consultation Paper on the proposals for certain amendments to CONSOB regulations on issuers (n. 11971/1999) and markets (n. 16191/2007), needed in order to implement the Market Abuse Regulation (EU Regulation [...]
CONSOB recommends using trading venues for public distribution of securities
[Newsflash n. 15] On 18 October 2016 CONSOB issued a Recommendation on the distribution of financial instruments (the “Recommendation”), after a public consultation launched on 9 May 2016 (see our Newsflash n. 7) as part [...]
EBA launches consultation on Retail Payment Services
[Newsflash n. 14] On the 22nd of September 2016, the European Banking Authority (EBA) launched a consultation on its draft guidelines on the criteria competent authorities should consider when stipulating the minimum monetary amount of [...]
EBA harmonises the definition of default across the EU
[Newsflash n. 13] On 28 September 2016 the European Banking Authority (EBA) published its final Guidelines on the application of the definition of default across the EU. The definition of default, introduced by the Capital [...]