Regulatory Alerts2019-12-05
Bank of Italy Regulation Implementing Articles 4-undecies and 6(1)(b) and (c-bis) of the TUF - 1st Update
The Bank of Italy issued a regulatory update on December 23, 2022, modifying the December 5, 2019 regulation that implements specific articles of the Italian Financial Intermediaries Act (TUF). This update provides the full integrated text of the regulation as of its first revision, ensuring compliance with deposit and sub-deposit obligations for client instruments. A previous communication from July 2020 had extended the deadline for submitting reports on these obligations under the regulation's transitional provisions.
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