Events listed in [CONSOB] Commissione Nazionale per le Società e la Borsa
Delibera n. 22720, adozione del Regolamento Consob in materia di servizi di ...
ID 23525
Consob has published its Resolution No. 22720 of 1 June 2023, adopting the new Consob Regulation on crowdfunding services. This regulation implements the provisions of Regulation EU 2020/1503 regarding crowdfunding service providers for businesses pursuant to articles 4-sexies.1 and 100-ter of the Consolidated Law on Finance (TUF). The new Regulation replaces the previous one on crowdfunding through online portals, adopted by Consob with Resolution ...
AI e abusi di mercato: le leggi della robotica si applicano alle operazioni ...
ID 23469
The Consob Legal Journal No. 29, published in May 2023, focuses on the theme of AI and market abuses in the financial context. It discusses the application of robotics laws to financial operations in the context of AI and market abuses and highlights the challenges posed by the use of advanced AI algorithms and their impact on legal categories. The Journal explores the question ...
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 ...
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 ...
Prestiti obbligazionari convertibili (Poc) non standard – Via libera della ...
ID 23108
Consob has issued Communication n. 1/2023 aimed at improving transparency for shareholders and the market during capital-raising operations that are reserved for a single investor. The communication updates and clarifies information obligations for issuers in the case of raising capital through Poc, as well as providing guidelines for reserved capital increases such as Seda and Sef, which were previously covered by two separate Consob ...
Pubblicati il Rapporto Consob 2022 sulla Corporate Governance e gli interventi del ...
ID 23042
Consob published the 2022 Report on corporate governance of Italian listed companies. The eleventh edition of the report provides updated evidence on ownership structure, corporate boards, annual general meetings, and related party transactions. It also examines the engagement policies adopted by companies in the FTSE MIB Index at the end of 2022 and the interest expressed by shareholders on ESG issues during the 2018 ...
„La mappatura dei prodotti finanziari nella prospettiva della tutela del ...
ID 23025
The legal Consob journal Quaderno giuridico n. 28 discusses the mapping of financial products within the MiFID adequacy rule for the protection of investors. While the EU legislature and literature have mainly focused on customer profiling, product mapping has been left to the diligence of service providers. The MIFID II directive on investment services has strengthened safeguards for investors who invest in financial instruments ...
Pubblicato il Piano delle Attività di Regolazione Consob relativo all’anno ...
ID 22798
Consob, has published its Regulatory Activity Plan for 2023, outlining the key areas of regulatory focus for the coming year. The non-binding programming document contains both the annual plan of activities for the adoption of general regulatory acts („Piano delle attività regolamentari“) and the two-year plan of regulatory impact assessment activities („Piano delle VIR“). The Regulatory Activities Plan for 2023 aims to provide information ...
Avviso Consob del 31 marzo 2023 – Semplificazione normativa: Consob raccoglie ...
ID 22660
Consob has published a note regarding regulatory simplification of prospectus information, by consolidating its communications on the subject into a single document. The aim of this initiative is to make it easier to comply with the European regulations introduced by the Prospectus Regulation (EU Regulation 2017/1129), which sets out the requirements for the preparation, approval, and dissemination of prospectuses to be published for public ...
Avvio della consultazione pubblica sul Regolamento cartolarizzazioni in attuazione ...
ID 22321
The Consob has launched a public consultation to define the implementation provisions of article 4-septies.2 of the TUF on securitizations. Regulation (EU) 2017/2402 (Securitisation Regulation), subsequently amended by Regulation (EU) 2021/557, introduced uniform rules at European level for securitisations and a specific framework for simple, transparent, and standardized securitisations (STS), applicable since January 1, 2019. The Securitisation Regulation provides specific ...