2026-03-26

Regulation on Collective Investment Management - 6th Update

The Bank of Italy issued the 6th update to the Regulation on Collective Investment Management on March 23, 2026, which entered into force on April 8, 2026. This update incorporates amendments published in the Official Gazette and is accompanied by updated guidelines on Simple Investment Companies (SiS) issued by the Bank of Italy and Consob. The document serves as the authoritative reference for the current regulatory framework governing collective savings management in Italy.

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Regulation text

March 26, 2026

Regulation on Collective Investment Management - Full version at the 6th update

PDF 8 MB

This full version of the Regulation on Collective Investment Management incorporates the amendments contained in the Measure of March 23, 2026, and is published for purely informational purposes.

March 26, 2026

Measure of March 23, 2026 amending the Regulation on Collective Investment Management - 6th update

PDF 7 MB

These provisions were published in the Official Gazette General Series no. 80 of 07-04-2026 - Ordinary Supplement no. 13. They are in force from April 8, 2026.

In-depth section

Publication Date: March 13, 2024

Regulation on Collective Investment Management - Full version at the 5th update pdf 7 MB This full version of the Regulation on Collective Investment Management incorporates the amendments contained in the Measure of March 12, 2024, and is published for purely informational purposes.

Publication Date: March 13, 2024

Measure of March 12, 2024 amending the Regulation on Collective Investment Management - 5th update pdf 253 KB This Measure was published in the Official Gazette General Series no. 68 of 21-3-2024 and enters into force 15 days after that date.

Publication Date: November 29, 2022

Regulation on Collective Investment Management - Full version at the 4th update pdf 7 MB This full version of the Regulation on Collective Investment Management incorporates the amendments contained in the Measure of November 16, 2022, and is published for purely informational purposes.

Publication Date: November 21, 2022

Measure of November 16, 2022 amending the Regulation on Collective Investment Management - 4th update pdf 231 KB These provisions were published in the Official Gazette General Series no. 277 of 26-11-2022. They are in force from that date.

Publication Date: December 28, 2021

Regulation on Collective Investment Management - Full version at the 3rd update pdf 13 MB This full version of the Regulation on Collective Investment Management incorporates the amendments contained in the Measure of December 23, 2021, and is published for purely informational purposes.

Publication Date: December 28, 2021

Measure of December 23, 2021 amending the Regulation on Collective Investment Management - 3rd update pdf 274 KB This regulatory amendment entered into force on December 30, 2021, a date subsequent to its publication in the Official Gazette, General Series no. 308 of 29-12-2021.

Publication Date: May 31, 2021

Regulation on Collective Investment Management - Full version at the 2nd update pdf 6 MB This full version of the Regulation on Collective Investment Management incorporates the amendments contained in the Measure of February 16, 2021, and is published for purely informational purposes.

Publication Date: February 18, 2021

Measure of February 16, 2021 amending the Regulation on Collective Investment Management - 2nd update pdf 290 KB This regulatory amendment entered into force on March 3, 2021, a date subsequent to its publication in the Official Gazette, General Series, no. 52 of 02-03-2021.

Publication Date: January 17, 2017

Regulation on Collective Investment Management - Full version at the 1st update pdf 3 MB

Publication Date: December 23, 2016

Measure amending the Regulation on Collective Investment Management pdf 591 KB The measure, published in the Official Gazette, General Series no. 3 of 4.1.2017, entered into force on January 5, 2017.

Publication Date: April 02, 2015

Regulation Text January 19, 2015 pdf 6 MB Published in the Official Gazette of March 19, 2015, no. 65, in force from April 3, 2015.

Publication Date: July 22, 2013

July 22, 2013 - Communication on the adequacy of credit risk assessment procedures pdf 25 KB and on the use of ratings in the service of collective investment management.

Publication Date: December 28, 2021

Clarification note regarding the Regulation on Collective Investment Management pdf 991 KB Clarification note of July 16, 2015, as integrated on December 28, 2021 (Title V, Chapter I, Section II, para. 3.3.1.1).

INVOLVED IN A MERGER OPERATION BETWEEN NON-EU FUNDS

Publication Date: December 07, 2015

Information document schema for participants in UCITS or AIFs open to a merger operation between non-EU funds pdf 68 KB

Publication Date: April 10, 2026

Guidelines of the Bank of Italy and Consob on Simple Investment Companies (SiS) pdf 332 KB Published on July 6, 2021 and updated on March 23, 2026 to Law no. 162 of 28.10.2024 and to the 6th update of the Regulation on Collective Investment Management.

Publication Date: January 04, 2023

Bank of Italy's Regulation on collective asset management (4th update). Title VI - Provisions on cross-border operations. English version pdf 345 KB (Only the Italian version is authentic)

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read the Italian version