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ESMA Publishes Guidance on SPACs

ESMA warns against investor protection risks and provides guidance on expected disclosures. On 15 July 2021, ESMA published a statement on the prospectus disclosure and investor protection issues raised by special...more

Italy Extends Disclosure Deadline for Intermediaries and Online Portals

CONSOB and Bank of Italy ease compliance obligations during COVID-19. The Italian Securities Commission (CONSOB) and the Bank of Italy have adopted a series of measures to grant intermediaries and online portal managers an...more

Nuova prassi di mercato sul sostegno della liquidità e cessazione delle prassi di magazzino titoli e riacquisto di prestiti...

La normativa sugli abusi di mercato introdotta dal Regolamento (UE) n. 596/2014 (MAR) e dalla Direttiva 2014/57/UE (MAD2) prevede la non sanzionabilità per violazione del divieto di manipolazione operativa delle condotte...more

Italy to Complete Implementation of the Market Abuse Regulation

Legislative Decree 107/2018 clarifies new reporting obligations, disclosure obligations, and sanctions, effective September 29. Italy has published in the Italian Official Gazette Legislative Decree no. 107 of August 10,...more

Italy Implements Directive Requiring Non-Financial Disclosures for Large European Undertakings

Large public-interest companies and parent companies must disclose several types of non-financial information — for the benefit of both investors and consumers — or face monetary penalties. Directive 2014/95/EU of...more

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