1994-03-03

CICR Deliberation and Urgent Ministerial Decrees - Deliberation of 3 March 1994

The Interministerial Committee for Credit and Savings issued a deliberation on 3 March 1994 to repeal specific past regulations and urgent ministerial decrees. The abrogated measures were deemed inconsistent with the legislative principles established by the Consolidated Law on Banking and Credit. This action ensures regulatory alignment by removing obsolete provisions regarding agricultural credit, official incompatibilities, and security deposits for credit institution executives.

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Rome, dated Ministry of the Treasury Via XX Settembre, 97

Interministerial Committee for Credit and Savings

SECRETARIAT

DELIBERATION 3 MARCH 1994

Repeal of CICR deliberations and decrees of the Minister of the Treasury following the issuance of the Consolidated Law on Banking and Credit Legislation

THE INTERMINISTERIAL COMMITTEE FOR CREDIT AND SAVINGS

Having seen Legislative Decree 1 September 1993, No. 385, containing the Consolidated Law on Banking and Credit Legislation;

Considering the need to proceed with the repeal of CICR deliberations and decrees of the Minister of the Treasury issued on an urgent basis that no longer appear consistent with the legislative principles fixed by the aforementioned Consolidated Law;

D E L I B E R A T E S

The following measures are repealed:

  • CICR Deliberation of 29 December 1977, concerning the regulation, applicable also to the fishing credit sector, of the authorization for credit institutions to carry out operating agricultural credit operations throughout the territory where they are authorized to conduct ordinary credit business, and the authorization for new operators to enter the agricultural credit sector;

  • Ministerial Decree 278412 of 22 May 1990, concerning the extension


Rome, dated Ministry of the Treasury Via XX Settembre, 97

Interministerial Committee for Credit and Savings

2

SECRETARIAT

to the entire national territory of the territorial competence of credit institutions referred to in Article 5 of the Banking Law (L.B.), with the exception of Rural and Artisan Savings Banks;

  • CICR Deliberation of 18 April 1964, concerning the criteria to be followed in granting derogations from the incompatibility provided for State officials and parastatal Institutes under Article 9 of the Banking Law (L.B.);

  • CICR Deliberation of 30 October 1975, which for the purposes of applying the aforementioned article established that all State employees must be considered "State officials";

  • CICR Deliberation of 14 May 1971, concerning the possible establishment of security deposits by executives of credit entities;

  • CICR Deliberation of 27 October 1983, concerning the possibility of carrying out credit operations, also under market conditions, provided for by national and Community legislation encouraging agricultural credit institutes and sections.

This deliberation will be published in the Official Gazette of the Italian Republic.

Rome, 3 March 1994

The President P. Barucci