MICA Regulation finally published in OJEU
On 9 June 2023, the Market in Crypto Assets Regulation on (“MiCAR”), which amends Regulations (EU) 1093/2010 and (EU) 1095/2010, as well as Directives 2013/36/EU and 2019/1937/EU, was finally published…
Consob’s report on sustainable investment and crypto-assets
Consob has just published its first report on sustainable investment and crypto-assets, dwelling on: the main equity benchmarks, highlighting the fluctuating performance registered in the last two years, with a…
Mi.Ca Regulation: agreement between the EU Parliament and Council
On 30 June, the EU Parliament and Council reached a provisional agreement on the proposed Mi.Ca. Regulation. Such proposal aims to: protect investors/consumers from the risks associated with investing in…
Bank of Italy’s communication on the use of DLT in finance and crypto-assets
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…
National Cybersecurity Strategy
A national cybersecurity authority has been established by means of Law Decree no. 82/2021, for the purpose of protecting national interests in the cyberspace. In addition, a national cybersecurity strategy…
European regulation on distributed ledger technology
On 2 June 2022, Regulation 2022/858/EU (the “DLT Regulation“) was published in the Official Journal of the European Union, introducing a pilot regime for market infrastructures based on distributed ledger…
Proposal for a new EU Directive on distance marketing of consumer financial services
Introduction 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…
Italy: FinTech Comparative Guide
Legal 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…
Worldwide: How to do Fintech: Potential Impacts of the Newly Introduced Regulatory Sandbox on Existing Players and Newcomers
The Italian FinTech Sandbox (the “Sandbox”) has been introduced by means of Ministerial Decree no. 100 of 2 July 2021, implementing Law 28 June 2019 no. 58 (the “Decree”), which…
Italy: The Italian FinTech Sandbox
1.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…