Regulatory Alerts1993-06-22
Decree of the Minister of the Treasury, President of the CICR, of 22 June 1993, No. 242632
The Italian Minister of the Treasury issued Decree No. 242632 to establish a unified regulatory framework for the shareholdings that credit institutions and credit groups may hold in financial, insurance, and non-financial enterprises. The decree sets specific prudential limits on investment amounts relative to regulatory capital, distinguishes between general and specialized entities with higher thresholds, and mandates Bank of Italy authorization for significant acquisitions or control. It explicitly repeals previous ministerial decrees and committee resolutions regarding eligible participations to align with European Union directives on banking supervision and market competition.
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