With letter to the market of 1 March 2023 (“Letter”), IVASS indicated the timing and operational modalities for the communication of supervisory reporting information through Infostat. The Natural Disaster Risk and Sustainability Survey, launched with a letter to the market on 27 July 2022, has to be carried out also for the year 2023 and […]
On 16 March 2023, IVASS has published a further letter to the market regarding dormient policies. The letter is addressed to the following insurance companies: companies conducting life and/or accident insurance business, with registered office in Italy; Italian branches of companies with registered offices in a non-EEA country; companies, having their registered office in another […]
EIOPA has published its “Costs and Past Performance Report” that aims at improving transparency in the industry, facilitating comparisons between the different solutions available and strengthening the union of EU capital markets. The report provides an overview of the performance and costs of retail investment products in the EU. The report covers the period from […]
In February, the three European Supervisory Authorities – ESA (EBA, EIOPA and ESMA) held a joint event on the Digital Operational Resilience Act (DORA) that was open to the public. The event brought together more than 2,000 representatives from credit and payment institutions, investment firms, (re)insurance companies, third-party ICT service providers and other financial players. […]
With sentence no. 5632 of 23 February 2023, the Italian Court of Cassation has ruled again on medical professional liability. The Court has ruled that, when an operation fails, the responsibility has to be attributed to the medical doctor if the extent of the causal contribution of the patient’s previous health condition cannot be established. […]
Gianfranco Puopolo and Lorenzo Ranieri will be attending the prestigious Palm Beach International Boat show taking place from 23 to 26 March 2023. The event is a leader in the boating and marine industry. It annually hosts over 50 thousands visitors from all over the world and hundreds of boats ranging from 8-foot inflatables to […]
Cantieri di Pisa is a long established luxury motor yacht builder in Italy and an iconic yacht brand, founded in 1945. With an extremely rich history, Cantieri di Pisa has delivered more than 700 yachts. After a period of inactivity, the shipyard was bought 18 months ago and is back in business to build and […]
Permanent Establishment (Agenzia delle Entrate Answer No. 96/2023) The Italian Tax Agency (Agenzia delle Entrate, “AE”) considers that the sale of tourist packages in Italy by a foreign company (established in Switzerland), including the charter of pleasure vessels, carried out exclusively from offices located outside the Italian territory and/or when such activity is carried out […]
ANIA has taken official actions against IVASS, sharing the agent´s concerns regarding operational difficulties linked to IVASS Regulation No. 51/2022, proving for the implementation of an online system comparing the offers of the insurance companies operating in the motor vehicle liability insurance in Italy, and the use of platform “Preventivass”. With a letter published by […]
The European Commission organised a “Meeting on the Retail Investment Strategy”‘ on 2 March in Brussels, focusing on the topic of inducements. The Commission intended to seek common ground in favour of an abolition of inducements, the remunerations with which the companies, that create financial products, pay to the distribution networks, by forwarding a part […]
