CONSOB publishes best practices for control of tied agents
[Newsletter n. 4] As a result of a survey on the internal control procedures on the distribution network of financial intermediaries, on 15 February 2016 Consob published Communication n.0012130 dated 11 February 2016, which [...]
EU Commission plans to extend by one year the implementation of MiFID II
[Newsflash n. 5] Taking on board the warning from ESMA about the exceptional technical implementation challenges faced by regulators and market participants, the European Commission issued a proposal for a directive to grant national [...]
Borsa fine tunes the modality of cancellation of warrants
[Newsflash n. 5] Borsa Italiana amended the Instructions accompanying the Rules of the Market regarding the modality of the delisting of warrants. In order to ensure the possibility to exercise financial instruments deriving from [...]
ADR CONSOB: new consultation launched
[Newsflash n. 4] In view of a more efficient investor protection, on 8 January 2016, CONSOB launched the public consultation concerning the “Regulation on the alternative dispute resolution mechanism for financial disputes” (“ADR Regulation”). [...]
Bank of Italy on collection of savings by non-banks
[Newsletter n. 3] On 19 November 2015, the Bank of Italy launched a public consultation on the draft amendments to the Bank of Italy Supervisory Rules (Title IX, Chapter 2) (“Rules”) concerning the regime [...]
EC to improve retail financial services (with a light on digitalization)
[Newsflash n. 3] Better products, more choice, and greater opportunities for consumers and businesses On 10 December, the European Commission published a Green Paper* on retail financial services. The paper analyses the current state [...]