Regulatory Alerts1992-07-08
Deliberations of the CICR and Emergency DM - Emergency Decree of the Minister of the Treasury, President of the CICR, of July 8, 1992, No. 435927
The Italian Minister of the Treasury, acting as President of the Interministerial Committee for Credit and Savings, issues an emergency decree to establish the calculation methods for the Annual Percentage Rate of Charge (TAEG) and rules for early repayment reductions. This regulation implements specific articles of Law No. 142/1992, which transposes EU directives on consumer credit, by defining the elements to be included in the TAEG calculation and the procedures for supervisory controls. The decree also references Law No. 154/1992 on banking transparency and builds upon previous ministerial decrees to ensure consistent application of consumer credit protections.
Share