Regulatory Alerts2023-06-01
Provisions on Reporting Regarding Outsourcing of Corporate Functions for Supervised Intermediaries
The Bank of Italy issued provisions on May 31, 2023, establishing reporting requirements for the outsourcing of corporate functions by supervised intermediaries. These provisions entered into force on June 14, 2023, following their publication in the Official Gazette. The regulatory framework includes detailed reporting schemas, technical XML documentation, and clarifications on subject codes to ensure standardized data submission.
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