Regulatory Alerts2015-06-09
Provisions for the Registration and Management of the Register of Microcredit Operators
The Bank of Italy issued provisions establishing the requirements, application procedures, and ongoing obligations for entities seeking registration in the official register of microcredit operators. The document mandates strict integrity and professional standards for corporate executives and significant shareholders, requiring detailed documentation and periodic reporting to ensure regulatory compliance. It further outlines the procedures for application review, mandatory communications regarding organizational changes, and the grounds for deregistration from the register.
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