Regulatory Alerts2021-12-23
Regulation on the Methods for Transmitting Applications and Notifications for Certain Supervisory Proceedings under the Single Supervisory Mechanism
The Bank of Italy issued this regulation to mandate the exclusive use of the ECB's IMAS Portal for transmitting applications and notifications related to specific banking supervisory procedures. The measure applies to significant and less significant supervised entities for matters including banking authorization, qualified share acquisitions, and fitness assessments of key personnel. The regulation entered into force the day after its publication in the Official Gazette, with mandatory application to all relevant transmissions starting January 15, 2022.
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