Regulatory Alerts2020-07-30
Communication of 28 July 2020 - Extension of the deadline for submitting the Report on compliance with deposit and sub-deposit obligations for client instruments
The Bank of Italy extends the deadline for submitting the report on compliance with deposit and sub-deposit obligations for client instruments by an additional 60 days to mitigate the impact of the prolonged epidemiological emergency. This extension applies to banks, non-bank supervised intermediaries, and statutory auditors, who must now submit the report by 28 October 2020. All previous instructions issued on 20 March 2020, including transitional obligations for investment service providers under the 5 December 2019 Regulation, remain fully in force.
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