On January 23rd, EIOPA (European Insurance and Occupational Pensions Authority) released its report on consumer trends in 2023, which analyses inter alia the financial well-being of consumers – with regard to insurance and pensions – in the context of the cost of living crisis affecting them. The report reveals that one-third of consumers have renounced […]
The new decree to incentivise “AGRICULTURAL” plants including those with “any power capacity” comes into force on 14.2.2024 (‘AgriVoltaic Decree’) The “Agri-Voltaic Decree” was issued inter alia in consideration of the fact that: One of the targets to be achieved within 30 June 2026 is the installation of photovoltaic solar panels in agro-voltaic systems with […]
On 20 February 2024, the Italian Insurance Supervisory Authority (“IVASS”) published a letter to the market outlining the timing and operational procedures for supervisory reports with reference to 2024 data or to be submitted in 2024 via the Infostat platform. In detail, these reports include Solvency II reporting and financial stability information; National surveys and […]
On December 21, 2023, with Order No. 9978728, the Italian Data Protection Authority issued “Computer Programs and Services for the Management of Electronic Mail in the Workplace and the Processing of Metadata“‘ (so-called Guidelines). The Guidelines have raised interest with reference to their possible impact on Italian employers. Specifically, the Guidelines provide that whoever keeps […]
On January 29th, the European Banking Authority (EBA) launched an inquiry to gather feedback from credit institutions regarding their current techniques for classifying exposures to environmental, social and governance (ESG) risks, to assess the feasibility of introducing a standardized methodology. In accordance with Article 501-quater of Regulation (EU) no. 575/2023, as amended based on the […]
On 12 February, IVASS (the Institute for the Supervision of Insurance) issued instructions for the electronic transmission of data concerning the payments related to dormant policies, to be carried out through the Infostat platform. Following the Letter to the Market of 25 January, 2024 (Prot. No. 0023887/24), which announced the new procedure for transmitting data […]
Law no. 183/2010, the so-called “Attachment to the Labor Legislation”, has introduced, inter alia, new provisions in relation to arbitration. In particular, law no. 183/2010 generally aims at ensuring the increase of recourse to arbitration, by extending its scope of application. In particular, arbitration brings several advantages to the parties, also with regard to labor law disputes. The […]
A patient’s acceptance of a doctor’s warning regarding the risks associated with cosmetic surgery does not constitute conduct relevant to application of article 1227 of the civil code, which regulates the contributory negligence of the creditor. The courts have on several occasions ruled that the medical professional is required to exercise due diligence, qualified by […]
On January 19, 2024, COVIP (Pension Funds Supervisory Commission) published on its website Circular prot. no. 0000287/24 regarding the unified management of individual pension positions. With the Circular, the Commission provides guidance to the supervised entities regarding the methods to be adopted to ensure the unified management of individual positions in all cases where multiple […]
On January 18th, the European Banking Authority (EBA) initiated a public consultation on proposed amendments to the Implementing Technical Standards (ITS) that specify the data collection methods for the benchmarking exercise related to credit and market risk for the year 2025. Benchmarking is a tool utilized by companies to monitor and enhance the quality of […]
