Key Regulatory Developments In Italy (January 31, 2020)

Author:Mr Alessandro Engst and Michele Odello
Profession:Dentons
 
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Source/Date Brief description IVASS

11/12/2019

IVASS's consultation paper on anti-money laundering matters

IVASS published a consultation paper concerning the scheme laying down provisions related to procedures for mitigating the risk of money laundering and amendments to the IVASS Regulation no. 44/2019 regarding organization, internal procedures and controls and customer due diligence.

For further information in Italian, click here.

Consob

11/12/2019

Consob's consultation paper on Issuers Regulation

Consob published a consultation paper regarding amendments to the Issuers Regulation with particular reference to the admission to trading of reserved open alternative investment funds, marketing of such funds and advertising activities.

For further information in Italian, click here.

Bank of Italy

04/12/2019

Amendment to Bank of Italy Circular No. 285/2013

Bank of Italy published the provisions amending the Circular No. 285/2013 concerning «Supervisory provisions on banks».

The Bank of Italy's Circular was amended for the profiles related to:

the authorization of the banks to provide investment services and activities; and the authorization of banks for cross-border business. For further information in Italian, click here and here and here.

Bank of Italy

04/12/2019

Bank of Italy Regulation concerning corporate governance, remuneration and internal controls with reference to investment services provided

Bank of Italy published the Regulation related to the implementation of Articles 4-undecies and 6, paragraph 1, letter b) and c-bis) of the Italian legislative decree No. 58 dated 24th February 1998.

For further information in Italian, click here and here.

Bank of Italy

29/11/2019

PSD II - Strong Customer Authentication (SCA)

Bank of Italy published a communication regarding the timing of implementation of security measures for online payments executed by cards.

For further information in Italian, click here.

Italian Parliament

18/11/2019

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