Regulatory Alerts2016-12-20
Circular No. 292 of 20 December 2016 - Statistical Reporting by Microcredit Operators
The Bank of Italy issued Circular No. 292 on 20 December 2016 to establish the rules for statistical supervisory reporting by microcredit operators. The regulation mandates the submission of data regarding the operators' financial, economic, and asset positions, as well as details on disbursed microcredit financing. The circular is structured into four sections covering balance sheet data, commitments, income statements, and territorial or sectoral breakdowns of funded clients.
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