Regulatory Alerts2019-07-17
Regulation on the Adoption of Regulatory or General Content Acts by the Bank of Italy in the Exercise of Supervisory Functions
The Bank of Italy issued this regulation to establish the procedures for adopting regulatory acts, mandating public consultations, regulatory impact analyses (AIR), and ex-post reviews (VIR) to ensure proportionality and efficiency. It defines the scope of regulatory acts, outlines the requirements for stakeholder engagement and transparency, and specifies conditions under which these procedural obligations may be waived due to urgency or confidentiality. The regulation repeals the previous 2010 framework, aligning the Bank's rule-making process with European supervisory standards and enhancing the quality and accountability of its normative output.
Share