Events listed in Italy
Avviso Consob del 25 maggio 2023 in merito all’aggiornamento degli ...
ID 23403
The Consob has issued a notice concerning compliance with the ESMA Guidelines on certain aspects of the MiFID II suitability requirements (ESMA35-43-3172). These guidelines, published by the European Securities and Markets Authority (ESMA) on April 3, 2023, were introduced to provide clarity for operators on regulatory changes, particularly in regard to the integration of sustainability considerations into suitability assessments for investment advisory and portfolio ...
Compliance with the Guidelines issued by ESMA on CCP recovery plan scenarios and ...
ID 23356
Consob and the Bank of Italy a have stated that they will comply with the ESMA guidelines regarding the indicators for CCP recovery plans and the scenarios for CCP recovery plans, as outlined in Article 9, paragraphs 5 and 12, of Regulation (EU) 2021/23 on a framework for the recovery and resolution of central counterparties (CCPRRR). These Guidelines, which will be integrated into supervisory ...
Orientamenti di vigilanza della Banca d’Italia in materia di fornitori ...
ID 23297
The Bank of Italy has launched a public consultation on the new supervisory guidelines for specialized crowdfunding service providers. The guidelines indicate the Bank of Italy’s expectations on how these providers should comply with the provisions on corporate governance, internal controls, suitability assessment of executives, and due diligence on project owners contained in Regulation (EU) 2020/1503 (ECSPR) and the related delegated regulations, taking into ...
Comunicazione n. 0045269 dell’11 maggio 2023 – Quesito confermativo in ...
ID 23250
In Communication No. 0045269/23 of 11 May 2023, Consob provided clarifications regarding the „cascade“ OPA in Italy. The communication specifically addresses the correct interpretation of Article 45 of the Issuers‘ Regulation (Regolamento Emittenti) concerning Indirect Acquisition. According to Article 45, when an acquirer obtains a stake that enables them to exceed the voting rights thresholds specified in Article 106 of the TUF for a ...
LEGGE 10 maggio 2023, n. 52 : Conversione in legge, con modificazioni, del ...
ID 23245
Decree-Law No. 25 of 17 March 2023 has been converted into law by Law No. 52 of 10 May 2023 on urgent provisions regarding the issuance and circulation of certain financial instruments in digital form and simplification of FinTech experimentation and has been published in the Italian Official Gazette, Gazzetta Ufficiale. Law No. 52 of 17 March 2023 converts the previously established Decree-Law No. ...
DECRETO 5 maggio 2023 : Modifica degli allegati C e D al decreto 28 dicembre 2015, ...
ID 23226
The Decree of 5 May 2023 was published in the Italian Official Gazette (Gazzetta Ufficiale). This decree introduces modifications to Annexes C and D of Decree 28 December 2015 implementing Law No. 95 of 18 June 2015 and Directive EU 2014/107 on the automatic exchange of information on financial accounts.
 The Law of 18 June 2015 and Directive EU 2014/107 concern the **obligation for ...
Result of Public Consultation of IVASS Regulatory Order no. 131/2023
ID 23222
IVASS published the outcomes of a public consultation of Regulatory Order no. 131/2023 on sustainable finance, which includes modifications and integrations to several regulations. These regulations are as follows: – Regulation No. 24 of 6 June 2016, concerning investments and assets covering technical reserves – Regulation No. 38 of 3 July 2018, regarding the system of corporate governance – **Regulation No. 40 of 2 ...
Order no. 131 of 10 May 2023
ID 23216
The IVASS has published the Order No. 131 of 10 May 2023 on sustainable finance, which modifies the following IVASS Regulations: – No. 24/2016 on investments and activities covering technical reserves – No. 38/2018 on governance systems – No. 40/2018 on insurance and reinsurance distribution – No. 45/2020 on surveillance and governance requirements for insurance products This order **aligns with the European Union’s general ...
Technical instruction for transmission of AML survey [zip, 5.3 MB]
ID 23212
IVASS has published its Technical instruction for transmission of AML survey, which is a follow up to the communication given through the letter to the market of 29 November 2022 regarding the new procedure for collecting data on the insurance business carried out in Italy in the life business in order to assess the risks of ML/TF as per IVASS Regulation 44/2019 on the ...
The Bank of Italy today publishes ‚Investor behavior under market stress: ...
ID 23211
The Bank of Italy has released the new issue of the series “Markets, infrastructures, payment systems“, titled “Investor behavior under market stress: evidence from the Italian sovereign bond market“. This report examines the reactions of different types of investors in Italian government bonds to changes in past yields and sheds light on the involvement of non-banks alongside banks. The analysis spans **from 2014 to ...