129 Implementing Provisions in English
[Newsflash n. 12] Bank of Italy published the courtesy translation of the 129 TUB implementing provisions ("Provisions on the reporting of issues and offerings of financial instruments"). The translation can be found here. The following documents are [...]
The implications of Brexit on the harmonisation of Data Privacy legislation
[Newsletter n. 5] Very little has changed since we all learned of the outcome of the UK referendum on Brexit in June. The UK Government is still investigating and discussing internal constitutional principles and requirements [...]
Ministry of Economic Development issues “Industry 4.0” plan
[Newsflash n. 11] On 21 September 2016 the Italian Ministry of Economic Development published the “Industry 4.0” national plan(*), which will be the basis of the upcoming Stability Law, with the objective to boost large-scale [...]
Italian Revenue Agency issues resolution on taxation of bitcoins and other virtual currencies
On 2 September 2016, the Italian Revenue Agency issued Resolution n. 72/E on the tax treatment of transactions involving the use of bitcoins and other virtual currencies. According to the resolution, intermediation activities involving exchange [...]
129 Reporting Obligations slightly amended by Bank of Italy
[Newsflash n. 10] On 10 August 2016 Bank of Italy issued certain amendments to the article 129 implementing provisions (the “Rules”) which were adopted on 25 August 2015 and will enter into force on 1 October [...]
ESMA: second warning on CFDs and other speculative products
[Newsflash n. 9] On 25 July, in the context of its supervisory and control activity on the retail market and following its Opinion on MiFID practices for firms selling complex products, ESMA issued a [...]