Introduction In a communication dated 15 June 2022 (the “Communication”), the Bank of Italy has highlighted the relevant aspects of the increasing digitalisation in the Italian financial system and the…
DetailsDeciding on an appeal against administrative sanctions imposed by Consob (the national Commission for companies and the Stock Exchange), the Supreme Court has recently ruled (see judgement no. 17673 of…
DetailsIntroduction On 11th May 2022, the EU Commission published a directive proposal (the “Proposal”)[1] amending Directive 2011/83/EU on consumer rights (the “Consumer Rights Directive”) and repealing Directive 2002/65/EC concerning the…
DetailsLegal and enforcement framework 1.1 In broad terms, which legislative and regulatory provisions govern the fintech space in your jurisdiction? The Consolidated Financial Act (Legislative Decree 58 of 24 February…
DetailsIntroduction On 30 March 2022 came into force the Decree of the Minister of Economy and Finance no. 19 of 13 January 2022 (the “Decree“), which amended Ministerial Decree no.…
Details1.Introduction The Italian FinTech Sandbox (the “Sandbox”) has been introduced by means of Ministerial Decree no. 100 of 2nd July 2021 (the “Decree”)1, which entered into force on 17th July 2021. By means of the Decree, it was also established a FinTech Committee…
DetailsThe Italian FinTech Sandbox is the main topic of the mentorship session given by Giovanni Carotenuto, owner of Carotenuto Studio Legale, one of the professionals who have chosen to become part of pur community.…
Details‘Pro bono’, short for ‘pro bono publico’, is a Latin phrase designating an activity performed ‘for the public good’. In the legal context, it generally refers to the free and…
DetailsIntroduction In its Action Plan 2018: Financing Sustainable Growth[1], the EU Commission set out goals and timing to booster the role of finance towards an economy that focuses on ESG…
DetailsA Q&A guide to FinTech in Italy. The Q&A provides a high level overview of the financial services sector; the FinTech sector; regulatory environment for alternative finance activities, payment platforms,…
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