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BoI and Consob comply with ESMA guidelines to apply for permission to operate a DLT market infrastructure

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

For the Italian Supreme Court, cryptocurrencies are financial products

With the sentence No. 44378 of 22 November 2022, the Supreme Court ruled for the equivalence between cryptocurrencies and financial products....more

EU driven crowdfunding regulatory developments in Italy

Pending the completion of the process for adapting Italian rules to Regulation (EU) 2020/1503 on European crowdfunding service providers (“ECSP Regulation”), Consob and the Bank of Italy declared their availability for...more

10/27/2022  /  Bank of Italy , CONSOB , Crowdfunding , EU , Italy

Italian Sandbox: the first window for the submission of applications to be opened soon

Bank of Italy, Consob and IVASS launched the Italian Sandbox announcing the first call for submitting FinTech projects. On 17 July 2021, the Decree of the Italian Ministry of Economy and Finance No. 100 of 30 April 2021...more

Italy – Insurance based investment products: Consob simplifies transparency requirements for life insurance undertakings

On 28 June Consob (the Italian supervisory authority on financial markets) launched a public consultation regarding amendments to its Regulation adopted with Resolution No. 11971 of 14 May 1999 (“Consob Regulation on...more

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