On 12 July 2023, IVASS published the draft Regulatory Order amending the provisions of Reg No. 29/2016 and No. 38/2018 concerning the requirements and eligibility criteria for those carrying out the role as company representatives and also those who perform key functions in public consultation.
The measure composed of 6 articles has the purpose of reconcilling the previous Regulatory texts with the supervening primary legislation .
Specifically, with the first two articles, IVASS intends to align the regulatory texts by including the criteria and requirements envisaged by MISE Decree 88/2022, eliminating the incompatible provisions associated with the latter , and with the requisites of the Code of Private Insurance .
The regulatory intervention which is subject to public consultation and put forward by IVASS is intended for insurance and reinsurance companies, for Ultimate Parent Companies , and for local and specific mutual insurance companies.
Interested parties can send their observations, comments and proposals by 10 October 2023 directly to the e-mail address, using the appropriate table attached to the draft Regulatory Order.