UPDATES

Application Clarifications Concerning Ivass Regulation No. 40/2018

In offering clarifications regarding IVASS Regulation no. 40/2018, IVASS clarifies some important issues. First of all, it specifies that distribution operators, already registered in section E) of the RUI and canceled after 31 March 2021, are not required to obtain an educational qualification for the purposes of a new registration, by virtue of the transitional […]

Limits of Powers of the Technical Consultant Appointed by the Judge in the Acquisition of Documents

What are the powers of the Technical Consultant appointed by the Judge in requiring information for the drafting of his own report? The United Sections of the Supreme Court of Cassation, with judgment no. 3086 of 1 February 2022, stated that the Expert appointed by the Judge may request all sorts of documents necessary to […]

Clinical Trials And Privacy: Data Transfer Is Allowed From 3 March 2022

Last 3 March 2022, the new Decree of the Ministry ofr Health of 30 November 2021, published in the Official Journal on 19 February 2022, came into force, containing measures aimed at facilitating and supporting the implementation of non-profit clinical trials of medicinal products and observational studies and regulating the transfer of data and results […]

Ivass: In Public Consultation Document No. 5/2022

IVASS has placed in public consultation the Draft Regulation, issued in implementation of article 132-bis, paragraph 3, of the Private Insurance Code, containing provisions concerning the implementation of a telematic comparison system of the premiums of the “basic contract” offered by insurance companies operating in Italy in the motor liability class, introduced by article 1, […]

IVASS – Consultation On Mystery Shopping For Consumer Protection

IVASS has placed in public consultation the Draft Regulation containing provisions on the use of external agents for the purposes of mystery shopping activities for the protection of consumers pursuant to Article 144-bis of Legislative Decree no. 206 of September 6, 2005 (Consumer Code). In the European context, Regulation 2017/239 of the European Parliament and […]

Sanctions Against Russia: Obligations To Report Freezing Measures To UIF

The Russian invasion of Ukraine and the following international crisis triggered by it led to the adoption, by the European Union, of restrictive measures in response to actions that undermined and threatened the territorial integrity, sovereignty, and independence of Ukraine. In particular, such measures – binding in their entirety and immediately applicable in each of […]

Considerations For Future Ivass Regulatory Interventions In Life Products

On 12 December 2021, IVASS published Discussion Paper No. 1 of 2022 on the Preliminary Considerations for future regulatory interventions by IVASS on life products. The Considerations, as indicated above, start from the requests for adjustment of ISVAP Regulation No. 38/2011, as amended by Measure No. 68/2018, which allows undertakings to provide for methods of […]

Linked Policies: The Draft Of The Ivass Regulation Under Consultation

IVASS has placed in public consultation the Draft Regulation containing the provisions relating to insurance contracts pursuant to Article 41, paragraphs 1 and 2, of Legislative Decree no. 209/2005. The article refers to the so-called linked contracts, the benefits of which are directly linked to the value of quotas of collective investment bodies or internal […]

Possible Conflicts on Insurance Data Arising From the New Obligation to Install “Black Boxes” in Cars

On July 6, 2022, the European obligation of the “black box” on board cars will be triggered according to what is established in the European Regulation 2019/2144, which makes mandatory the installation or preparation of a series of devices aimed at collecting and analyzing data and raising the level of traffic safety according to the […]

NTFs In The Luxury Business

The recent spread of “Non-Fungible Tokens” (“NFTs”) in the luxury business (fashion, art, music, cinema, yachting, etc.) is rapidly changing the perspective of distribution and retail, leading to a new concept of art and luxury, disconnected from the dimensions of time and space of the physical world. According to a report by Morgan Stanley dated […]