Regulatory Alerts2009-07-29
Implementation Measures for Directive (EU) 2021/2167 (SMD) and Transparency of Banking and Financial Operations and Services
The Bank of Italy issued implementation measures for Directive (EU) 2021/2167 (SMD) on February 11, 2025, to be published on March 26, 2025. This regulatory update supplements the longstanding framework governing the transparency of banking and financial operations and the correctness of relationships between intermediaries and clients. The document serves as a portal to the full text of these dispositions and their various historical amendments and attachments.
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