IVASS has initiated the public consultation procedure with regard to the some proposed amendments to IVASS Regulation no. 18 of 15 March 2016 concerning the rules for the determination of technical provisions referred to in Article 36-bis of the Private Insurance Code.The purpose of the amendments is to align the national rules with the EIOPA […]
Author Archives: Giovanna Aucone
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Jan
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<strong>As of January 1, 2023, the rules on the key information that investment funds have to provide to savers have changed. </strong> According to the latest amendments to the <strong>Issuers</strong>'<strong> Regulation </strong>(Resolution No. 22551 of December 21, 2022) approved by Consob in implementation of EU regulations, the Key Information Document (KID) already adopted for financial-insurance […]
On 31 October 2022, the European Insurance and Occupational Pensions Authority (EIOPA) published a new methodolgy for assessing value for money in the unit-linked market. The methodology outlines a common European approach concerning the identification of unit-linked products that may offer poor or no value for money and require monitoring by national competent authorities (NCAs) […]
The three European supervisory authorities (EBA, EIOPA, ESMA – the so-called ESAs) launched a public consultation to gather information on greenwashing risks and practices in the banking, insurance and financial sector. The Call for Evidence stems from the need to better understand which sectors might become more susceptible to greenwashing, due to the increasing demand for […]
Consob published in the Discussion Paper series a study titled “Customer profiling for suitability assessment purposes. Follow up of the 2012 study on a sample of Italian intermediaries“. The paper starts from the analysis of a previous 2012 Discussion Paper, expands its contents and follows its methodologtical approach with reference to the formats for the […]
On 8 November 2022, the Director of IVASS Riccardo Cesari, taking part during the Insurance Summit, organised by Il Sole 24 Ore in Milan, presented an overview of innovations in life products between regulation and the market. The evolution of the savings attitude since the 1980s shows values falling from 20% to 8% in the […]
On 8 November 2022, the President of IVASS, Luigi Federico Signorini, taking part during the Insurance Summit, organized by Il Sole 24 Ore in Milan, affirmed and praised the resilience of the Italian economy despite pandemic and the new crisis caused by Russia’s war. At the international level, indeed, the economy is suffering from war-related […]
Events
Seminario “Impatto della Digitalizzazione sulla Supply Chain: I Documenti Elettronici e i Profili Giuridici””
16
Nov
Nov
[EVENT] PGLegal is organizing a free LIVE and VIRTUAL Round Table Discussion on 29 November 2022. Session Topic: “IMPACT OF DIGITIZATION ON THE SUPPLY CHAIN: ELECTRONIC DOCUMENTS AND LEGAL PROFILES” Register to Join the Virtual Session – dragoni@pglegal.it PGLegal sta organizzando Una Tavola Rotonda gratuita in modalità LIVE e VIRTUALE in programma il prossimo 29 […]
By Order No. 241 of 7 July 2022, the Italian Privacy Authority issued a favourable opinion in relation to the proposed amendment to Legislative Decree No. 231/2007 on the prevention of the use of the financial system for the purpose of laundering the proceeds of crime and financing terrorism. The aforementioned opinion had been requested […]
Updates
Guidelines On Appropriateness And Execution-Only, Issued By ESMA In The Framework Of Directive 2014/65/EU (Mifid II)
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Jun
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Last 12 April, ESMA published on its website the official Italian translation of the “Guidelines on certain aspects of the MiFID II appropriateness and execution-only requirements” (hereinafter, also, “the Guidelines”), adopted pursuant to Article 16 of Regulation 1095/2010/EU, on 3 January 2022. The Guidelines are also available on the institutional website of Consob, which declares […]