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 attention of financial regulators on environmental, social and governance factors is significantly and rapidly increasing. A proper integration of ESG features in the business model of financial and non-financial entities...more
In this newsletter, we provide a snapshot of the principal European, U.S., U.K. and selected international governance and securities law developments of interest to European corporates. ...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
Please see Chart below for more information. ...more
A number of regulators across the globe have responded to recent market volatility by introducing temporary short selling bans and/or market restrictions. Other regulators (including the UK) say that there is no evidence to...more
È stato pubblicato, sulla G.U. n. 94 del 8 aprile 2020, il D.L. 8 aprile 2020 n. 23 (c.d. Decreto Liquidità).Il decreto introducemisure specifiche per l’accesso al credito e per garantire adeguata liquidità alle imprese. Il...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
CELF - Center of European Law & Finance è un centro studi di Diritto e Finanza supportato da Orrick Finance Italy, che ha l’obiettivo di effettuare periodicamente approfondimenti normativi, giurisprudenziali e dottrinali in...more
Coronavirus (COVID-19) has been causing serious consequences in several countries. Italy has been one of the most affected countries since February 2020 and the implications of a considerable spread of the contagion over the...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
In this newsletter, we provide a snapshot of the principal European, US and selected international governance and securities law developments of interest to European corporates. ...more
In this newsletter, we provide a snapshot of the principal European, U.S. and selected international governance and securities law developments of interest to European corporates. ...more
On 11 April 2017, Steven Maijoor, the Chair of the European Securities and Markets Authority ("ESMA") addressed the potential regulatory issues which may affect EU Member States as a result of the Brexit effect on passporting...more