Status of the implementation of the CBDF Directive in Italy
I The CBDF Directive The purpose of the Directive (EU) 2019/1160 of the European Parliament and the Council of 20 June 2019 (known as “Cross Border of Distribution of Funds Directive” or “CBDF”) - amending Directives 2009/65/EC (the “UCITS Directive) and 2011/61/EU...
CONSOB simplifies the knowledge/competence profiles and the continuing professional education for staff members of financial intermediaries giving information on products/services and/or providing investment advice
I Summary Through its Resolution no 21755 of March 10, 2021, CONSOB have simplified some of the requirements of knowledge and competence for the staff of the financial intermediaries (including Italian SIM’s or SGR’s, Italian branches of foreign investment firms or...
Italy – Additional grace period for UK financial intermediaries after December 31, 2020
The Law Decree No. 183 of 31 December 2020 A last-minute Italian urgency measure was been issued in order to avoid that British financial intermediaries (the “UK Intermediaries”) which applied for an Italian authorization – for cross-border services, branch or local...
Italy – New Memorandum of Understanding between CONSOB and the SEC on cooperation in the supervision over regulated entities of the US and Italy
The Memorandum of Understanding (“MoU”) of 22 December 2020 between CONSOB and the SEC CONSOB and the SEC have signed the MoU for the purpose of reciprocal cooperation in the supervision over the regulated entities of the respective jurisdictions, i.e., the USA and...
2020 04 News SLCC Italy – COVIP on Brexit – delegation to UK players allowed 20 0801
2020 03 News SLCC Italy – Italian tax benefits for PIR as AIFs 20 0522
2020 02 News SLC Lower CONSOB thresh for reports of holding in Italy listed comps 20 0413 WL
2020 01 News SLC Mutual recogn granted to UK firms until Dec 31 2020 20 0201
2019 08 News SLCC Italy – Bank of Italy Regulation organisation Financial Intermediaries
2019 07 News SLCC Italy – Brexit Law Decree RATIFIED
2019 06 News SLCC Italy – Italian tax benefits for ELTIFs PIR 19 0620
2019 05 News SLCC Italy – New Decree Elig Investm PIR 19 0508