On 27 March 2026, Legislative Decree No. 39/2026 (“Decree”), implementing Directive (EU) 927/2024 on delegation arrangements, liquidity risk management, supervisory reporting, provision of depositary and custody services and...more
4/1/2026
/ Alternative Investment Funds ,
Asset Management ,
EU ,
Investment Funds ,
Italy ,
Liquidity Risk Management Rule ,
Loans ,
New Legislation ,
New Regulations ,
Non-Performing Loans (NPL) ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management
On 12 February 2026, the European Banking Authority (“EBA”) issued an Opinion advising national competent authorities (“NCAs”) on actions to take once the transition period set in the EBA No Action Letter of 2 June 2025...more
3/11/2026
/ Cryptoassets ,
Digital Assets ,
E-Money ,
E-money tokens ,
EU ,
European Banking Authority (EBA) ,
Financial Services Industry ,
FinTech ,
HM Treasury ,
No-Action Letters ,
Payment Systems ,
PSD ,
PSD2 ,
Regulatory Reform ,
Regulatory Requirements ,
Stablecoins ,
UK
On 26 February 2026, the European Securities and Markets Authority (“ESMA”) published a supervisory briefing to support consistent supervision of algorithmic trading in the EU under Directive 2014/65/EU on markets in...more
3/6/2026
/ Algorithmic Trading ,
Artificial Intelligence ,
Capital Markets ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Markets ,
Guidance Documents ,
Machine Learning ,
MiFID II ,
National Competent Authorities (NCA) ,
New Guidance ,
Regulatory Oversight ,
Regulatory Requirements
On 12 February 2026, the European Banking Authority (“EBA”) issued an Opinion advising national competent authorities (“NCAs”) on actions to take once the transition period set in the EBA No Action Letter of 2 June 2025...more
2/17/2026
/ Cryptoassets ,
Digital Assets ,
EU ,
European Banking Authority (EBA) ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
National Competent Authorities (NCA) ,
No-Action Letters ,
Payment Systems ,
PSD2 ,
Regulatory Oversight ,
Regulatory Requirements
The Authority for Anti-Money Laundering and Countering the Financing of Terrorism (“AMLA”) launched, on 9 February 2026, three consultations on draft regulatory technical standards (“RTS”) on (i) customer due diligence,...more
2/13/2026
/ AML/CFT ,
Anti-Money Laundering ,
EU ,
Financial Crimes ,
Financial Services Industry ,
Penalties ,
Public Consultations ,
Regulation Technical Standards (RTS) ,
Regulatory Authority ,
Regulatory Oversight ,
Regulatory Reform ,
Terrorist Financing Regulations
The Italian Legislative Decree implementing Directive (EU) 2024/1619 (“CRD6”) and Regulation (EU) 2024/1623 (“CRR3”) has been published in the Official Gazette. Inter alia, it amends and supplements the provisions of...more
1/16/2026
/ Banking Regulators ,
Banks ,
Corporate Governance ,
Credit Institutions ,
Cross-Border Transactions ,
EU ,
Financial Institutions ,
Italy ,
Merger Agreements ,
New Legislation ,
Regulatory Reform ,
Regulatory Requirements
Following a public consultation issued by the Italian Ministry of Economy and Finance, on 9 January 2026 the Italian Legislative Decree No. 212 of 31 December 2025 containing the implementation of Directive (EU) 2023/2225 on...more
Bank of Italy, following the public consultation issued in January 2025, extended the Regulation on customer due diligence and the Regulation on organization, procedures and internal controls to crypto-asset service providers...more
The Italian Ministry of Economy and Finance (“MEF”) issued a public consultation on a draft legislative decree containing the Italian implementation of Directive (EU) 2023/2225 on credit agreements for consumers (“CCD2”) and...more
The Financial Intelligence Unit for Italy (“FIU”) issued a public consultation on new instructions for the detection and reporting of suspicious transactions (“Suspicious Transactions Regulation”), which will replace the FIU...more
As the evolution of payments continues at a rapid pace it is important that industry participants are up to date on the regulatory developments supporting and guiding these developments. This publication outlines the key...more
Bank of Italy issued a public consultation proposing to extend the Regulation on customer due diligence and the Regulation on organization, procedures and internal controls to crypto-asset service providers (“CASPs”)....more
With the Markets in Crypto-Assets Regulation (MiCAR) (Regulation (EU) 2023/1114) becoming fully applicable by the end of this year, crypto-asset service providers seeking to offer their services across the EU need to consider...more
The Italian Legislative Decree implementing MiCAR has been published in the Official Gazette. Among other things, it designates CONSOB and the Bank of Italy as competent supervisory authorities and sets out a transitional...more
The Bank of Italy launched a public consultation regarding new AML reporting which would replace the AML questionnaire that has been sent out for the last two years. On 31 July 2024, the Bank of Italy launched a public...more
On 26 July 2024, the Bank of Italy, COVIP, IVASS and the Italian Ministry of Economy and Finance jointly published instructions for enhanced controls on a wide range of supervised entities pertaining to the financial,...more
On 22 July 2024, the Bank of Italy issued a communication on MiCAR illustrating its supervisory powers and outlining certain MiCAR aspects and the impact on market players. Bank of Italy announced it is open for dialogue with...more
The new Regulation (EU) 2024/1624 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (“AMLR”) extended for the first time the scope of application of anti-money...more
On 17 June 2024, the Bank of Italy published a communication on unauthorised payment transactions. Inspections revealed shortcomings with several payment service providers (PSPs), such as groundless refund refusals,...more
The Italian Ministry of Economy and Finance (MEF) opened two public consultations to receive feedback on the draft decrees adapting Italian rules to Regulation (EU) 2023/1114 on markets in crypto-assets (MiCAR) and Regulation...more
The Italian Ministry of Economy and Finance (MEF) opened a public consultation to receive feedback on the draft decree implementing Directive (EU) 2022/2464 as regards corporate sustainability reporting (CSRD) in Italy....more
The Bank of Italy published instructions to be followed by PSPs in case refunds for unauthorised payment transactions are suspended for justified suspicion of fraud....more
On 15 June 2023, the Bank of Italy published on its website a series of acts aimed at reviewing the domestic AML rules to comply with EBA Guidelines on the use of remote customer onboarding solutions....more
On 25 May 2023, the FIU Regulation containing anomaly indicators to be used by obliged entities for suspicious transactions reporting was published in the Official Gazette....more
The Bank of Italy, COVIP, IVASS and the Italian Ministry of Economy and Finance have jointly launched a public consultation on draft instructions for the exercise of enhanced controls on the business of a wide range of...more