Regulatory Alerts1999-08-16
Regulation on the Solidarity Fund for Victims of Extortion and Usury, pursuant to Article 21 of Law No. 44 of 23 February 1999
The President of the Republic of Italy issued Presidential Decree No. 455 of 16 August 1999 to establish the Solidarity Fund for victims of extortion and usury requests. This regulation implements Article 21 of Law No. 44 of 23 February 1999 by defining the fund's governance structure, financial resources, and disbursement procedures for affected individuals. The decree mandates the Bank of Italy and relevant ministries to oversee the fund's administration and ensure timely compensation for victims of criminal extortion and illegal lending practices.
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