Regulatory Alerts2015-01-19
Joint Regulation of the Bank of Italy and Consob on the Organization and Procedures of Intermediaries Providing Investment Services or Collective Investment Management
The Bank of Italy and Consob issued a joint regulation establishing the organizational and procedural requirements for intermediaries providing investment services or managing collective savings. The document mandates strict internal controls, compliance functions, and adherence to ESMA guidelines regarding remuneration policies and automated trading systems. It has been subject to multiple amendments since its initial publication in 2007 to align with evolving European regulatory standards.
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that provide investment services or collective investment management
ABROGATED
Regulation Text
October 30, 2007
Regulation Text
PDF 759 KB
In-depth Section
Publication Date: April 28, 2017
April 27, 2017 - Amendments to the Regulation pdf 414 KB
Publication Date: January 21, 2015
January 19, 2015 - Amendments to the Regulation pdf 604 KB Published in the Official Gazette of March 19, 2015, No. 65, effective from April 3, 2015
Publication Date: July 27, 2012
July 25, 2012 - Amendments to the Regulation pdf 1 MB
Publication Date: May 09, 2012
May 9, 2012 - Amendments to the Regulation pdf 105 KB
Publication Date: December 15, 2015
Clarification Note of December 15, 2015 pdf 69 KB
Publication Date: January 29, 2014
January 29, 2014 - Bank of Italy-Consob Communication on ESMA Guidelines on remuneration policies and practices pdf 164 KB
Publication Date: December 21, 2012
December 21, 2012 - Bank of Italy/Consob Communication regarding the implementation of ESMA Guidelines pdf 89 KB on certain aspects of the compliance function requirements
Publication Date: May 02, 2012
April 30, 2012 - Implementation of ESMA guidelines issued on December 22, 2011 pdf 496 KB on systems and controls in an automated environment for investment firms
Publication Date: March 10, 2011
March 8, 2011 - Allocation of competences between Compliance and Internal Audit pdf 2 MB in the provision of investment services and collective investment management - Text of the communication
Link to ESMA Guidelines on certain aspects of the MiFID compliance control function
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