Podcast: ESMA Report: Undue Pressure on Companies
CONSOB (with Resolution No. 22833 of 9 October 2023, attached hereto) has adopted the implementing provisions, in accordance with paragraph 9 of Article 4-septies.2 of the Financial Laws Consolidated Act (i.e. Italian...more
The Bank of Italy and Consob, as competent authorities for Regulation (EU) 2022/858 on a pilot regime for market infrastructures based on DLT, declared compliance with the ESMA Guidelines on standard forms, formats and...more
A number of regulators across the globe responded to recent market volatility by introducing temporary short selling bans and/or market restrictions. Such bans have since expired as of 18 May 2020. Other regulators (including...more
The Liquidity Decree strengthens CONSOB’s powers to impose stricter reporting requirements of relevant shareholdings in Italian-listed issuers. The Italian government has adopted Law Decree n. 23/2020 (the Liquidity...more
The revised Market Practice reflects the remarks raised by ESMA after a public consultation process. Article 13 of MAR provides for an exemption from sanctions in case a transaction breaches the general prohibition of...more
Further bans on all types of short selling have been extended by financial regulators in Austria, Belgium, France, Greece, Italy and the UK (in respect of the shares identified by the Spanish and Italian regulators) and now...more
Below is a summary of the main developments in US and EU corporate governance and securities law and certain financial markets regulation developments since our last update in September 2019. ...more
The measure is intended to align market practice with the principles laid down under the European market abuse regulation. The Italian Securities and Exchange Commission (Commissione Nazionale per le Società e la Borsa, or...more
On October 27, the Commissione Nazionale per le Società e la Borsa (CONSOB), the Italian securities regulator, issued an emergency short selling measure under the European Union’s Short Selling Regulation (Regulation...more