Regulatory Alerts2011-06-07
General Measures of Credit Authorities - Section II - Bank of Italy: Communication on New Reporting on Corporate Bodies (Or.So.)
The Bank of Italy issued a new electronic reporting procedure for corporate bodies and key supervisory functions, effective July 1, 2011, replacing previous paper-based systems. Intermediaries must submit initial reports for new entities and key roles by September 30, 2011, while existing entities have their June 15, 2011 data automatically migrated. This measure integrates into the broader G.I.A.V.A. project to modernize supervisory registries and mandates timely notification of any subsequent changes.
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