Source/Date

Brief description

Italian Government

06/09/2018

Implementation in Italy of European law – Preliminary approval of the Italian government (Legge di delegazione europea 2018)

The Italian government published a press release concerning the preliminary approval of the bill related to the law, which will implement in Italy the European Directives and other acts of the European Union.

For further information in Italian, click here.

Italian Government

06/09/2018

Supervision of occupational retirement provision – Preliminary approval of the Italian government

The Italian government published a press release concerning the preliminary approval of the bill related to the law, which will implement in Italy the Directive (EU) 2016/2341 of the European Parliament and of the Council of 14 December 2016 on the activities and supervision of institutions for occupational retirement provision (IORPs).

For further information in Italian, click here.

CONSOB

05/09/2018

Statutory Audit – Consob Regulation for the Implementation of Legislative Decree no. 231/2007 (AML Decree)

Commissione Nazionale per le Società e la Borsa (CONSOB) published the Resolution no. 20570/2018, namely the Regulation for the implementation of Legislative Decree 21 November 2007, n. 231 and subsequent amendments and additions, concerning statutory auditors and auditing firms with auditing appointments on public interest entities or entities subject to an intermediate regime.

The mentioned Regulation repeals the Regulation adopted by Consob Resolution no. 20465 on 31 May 2018 and the measures adopted by Consob Resolution no. 18802 on 18 February 2014.

For further information in Italian, click here.

IVASS

03/09/2018

Particular life insurance policies (Polizze vita dormienti) – Letter to the market

The Istituto per la Vigilanza sulle Assicurazioni (IVASS) published a letter to the market containing the request for communication of relevant information in order to proceed, by 2018, to a new data crossing of the tax codes of the insured people with the Tax Register, with reference to the issue of dormant life insurance policies. The insurance companies have to communicate the requested data within the deadline of 30 October 2018.

For further information in Italian, click here.

Bank of Italy

31/08/2018

Interbank alarm center - Bank of Italy provision

The Bank of Italy's provision dated 31 July 2018 published on the Italian Official Journal, laying down regulations for the Interbank Alarm Center (Centrale di allarme interbancaria).

For further information in Italian, click here.

Bank of Italy and IVASS

31/08/2018

Cyber security – paper of the Bank of Italy and IVASS

The Bank of Italy and IVASS published a joint document on cybersecurity named "Cyber security: paper of the Bank of Italy and IVASS" (Sicurezza cibernetica: il contributo della Banca d'Italia e dell'IVASS).

For further information in Italian, click here.

Bank of Italy and CONSOB

30/08/2018

Single Consob and Bank of Italy provision on Post-trading and related explanatory Report

The Single Provision issued by Consob and Bank of Italy concerning central counterparties, central depositaries and centralized management of activities (Provvedimento unico sul Post-Trading) published in the Italian Official Journal. On the Bank of Italy website is also available the explanatory report of such Single Provision.

For further information in Italian, click at the following: here and here.

IVASS

27/08/2018

IVASS Regulation no. 42 dated 27 August 2018 – External review of the information to the public

The IVASS Regulation no. 42 published in the Italian Official Journal, containing provisions related to external auditing of the information to the public pursuant to Article 47-septies, paragraph 7, and Article 191, paragraph 1, letter b), no. 2 and 3, of Legislative Decree no. 209/2005 (Code of private insurance).

For further information in Italian, click here.

Bank of Italy

23/08/2018

MiFID II and MiFIR: Public consultation regarding the implementation provisions of the Bank of Italy

The Bank of Italy published a consultation paper regarding the following provisions for the implementation of Directive no. 2014/65/EU (MiFID II) and the Regulation (EU) no. 600/2014 (MiFIR):

(i) public consultation concerning a new Bank of Italy Regulation implementing Articles 4-undecies and 6, paragraph 1, letter b) and c-bis) of Legislative Decree 24 February 1998, no. 58 (Consolidated Financial Act) on the obligations of intermediaries providing investment services and the collective asset management activity;

(ii) public consultation on the amendments to Bank of Italy Circular no. 285/2013 regarding the authorization of banks to provide investment services, as well as the provision of the investment services by foreign banks in Italy and by Italian banks abroad (i.e. cross-border activity).

For further information in Italian, click here.

Bank of Italy

10/08/2018

Provisions relating to the financial statements of IFRS intermediaries other than bank intermediaries

The Bank of Italy published its provision of 22 December 2017, containing "Provisions relating to the financial statements of IFRS intermediaries other than bank intermediaries", in the Italian Official Journal.

For further information in Italian, click here.

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