The FinTech sandbox would aim to foster innovation in the financial, credit, and insurance sectors.
The Italian Ministry of Economy and Finance has launched a public consultation on a draft ministerial decree (Draft Decree)...more
The four-pronged Code aims to encourage issuers in Italy to focus on long-term sustainability and engagement.
A new edition of the Corporate Governance Code was released on 31 January 2020. The new Code focuses on four...more
The notice details the requirements applicable to both UK investment firms operating in Italy and Italian investment firms operating in the UK.
On 1 August 2019, the Italian Securities and Exchange Commission (CONSOB)...more
New law aims to expand the currently limited application of class actions in Italy.
The Italian Parliament has introduced a comprehensive reform of the rules governing class actions that will:
..Significantly widen the...more
New law aims to expand the currently limited application of class actions in Italy.
The Italian Parliament recently introduced a comprehensive reform of the rules governing class actions with Law No. 31 of 12 April 2019...more
The measure is intended to align market practice with the principles laid down under the European market abuse regulation.
The Italian Securities and Exchange Commission (Commissione Nazionale per le Società e la Borsa, or...more
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
CONSOB notice 8/2019 details the requirements under the Italian investor compensation scheme applicable to UK banks and investment firms operating in Italy.
On 29 March 2019, the Italian Securities Commission (CONSOB)...more
The law decree lays down a temporary regime for regulated firms in a no-deal Brexit scenario.
On 20 March 2019, the Italian Council of Ministers approved a law decree laying down urgent measures to ensure financial...more
The Italian Securities Commission asks banks and investment firms in Italy and the UK to inform customers of Brexit consequences promptly.
On 12 March 2019, the Italian Securities Commission (CONSOB) issued a warning...more
The Bank of Italy has called on UK financial institutions to inform their Italian clients of Brexit consequences promptly.
On February 19, 2019, the Bank of Italy issued a notice to UK financial institutions operating in...more
Le società quotate italiane possono approfittare dell’imminente stagione assembleare per migliorare la propria corporate governance e attrarre investitori italiani e stranieri.
Introduzione -
Negli ultimi anni la...more
The upcoming annual general meeting season provides companies the opportunity to attract Italian and foreign investors by demonstrating improved corporate governance.
Overview -
Italian-listed companies are...more
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
Latest milestones in the transformation of the payment services market: final text of the RTS and the member states’ implementation of PSD2.
Key Points:
..The EC has adopted the final text of the RTS, which includes...more
The Italian Council of Ministers has approved law decree no. 148 (the Decree), extending the disclosure requirements on stakebuilding in Italian listed companies and the Italian government’s so-called “golden powers”. The...more
The Italian Securities Commission (CONSOB) has approved two handbooks, “Management of Inside Information” and “Investment Reccomendations,” which offer guidelines under Market Abuse Regulation no. 596/2014 (MAR) and delegated...more
Dal 3 luglio 2017 è possibile utilizzare la piattaforma del mercato secondario oltre che per le obbligazioni anche per l’offerta di azioni. Nuove opportunità per le offerte retail con nuovi ruoli (e responsabilità) per lo...more
The Italian Securities Commission (CONSOB) has published Resolution no. 19925/2017 setting out the amendments to CONSOB regulation on issuers, markets and related parties transactions which are necessary to implement in...more
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
The Bank of Italy post-trade reporting requirements are likely to impact the issuance and offering of bonds and other debt securities in Italy.
The Bank of Italy has the power to require entities issuing or offering...more
Italian Listed Companies should implement changes by the end of the 2016 fiscal year.
On July 10, 2015, the Corporate Governance Committee (the Committee) approved certain amendments to the Corporate Governance Code of...more
Corporate Social Responsibility e Whistleblowing entrano nel Codice di Autodisciplina delle Società Quotate.
Il Comitato per la Corporate Governance (il “Comitato”) ha approvato lo scorso 10 luglio alcune modifiche al...more
In a break from the “one share one vote” principle, issuers of Italian-listed stocks now have more flexibility in their capital structures.
Legal framework –
Law Decree No. 91 of 24 June 2014, as converted...more
La contrazione dei finanziamenti alle imprese italiane da parte delle banche ha posto da tempo l’esigenza di attrarre risorse, anche internazionali, sul mercato dei capitali. La liberalizzazione delle emissioni...more
2/24/2014