Risk Mitigation Streategies: EIOPA’s Guidelines
- Posted By Giovanna Aucone
- |
- 30 July 2021
By letter to the market of 28 July 2021, IVASS has fully acknowledged the content of the EIOPA Opinion on risk mitigation strategies. In fact, a study carried out by the European Insurance and Occupational Pensions Authority has shown that…
Fintech Committee and Italian Regulatory Sandbox: the Launch of the Experimentation to Digitize Financial Services
- Posted By Giovanna Aucone
- |
- 21 July 2021
Following Law Decree no. 34/2019 (so-called “Decreto Crescita”) converted into Law no. 58/2019 and the establishment of the Fintech Committee at the Ministry of Economy and Finance for constant comparison and coordination among Bank of Italy, CONSOB, IVASS and Mef,…
Assessment of the Prudential Treatment of Investments in Complex and/or Illiquid Financial Instruments: IVASS Guidelines and Possible Application of the Capital Increase
- Posted By Giovanna Aucone
- |
- 21 July 2021
By letter to the Market of 14 July 2021, IVASS spoke on investments in complex and/or illiquid financial instruments, providing guidelines that the supervised companies must follow when carrying out these activities. Since Solvency II came into force, and because…
Capital Increase: New IVASS Regulation no. 48/2021
- Posted By Giovanna Aucone
- |
- 21 July 2021
IVASS has recently published Regulation no. 48 of July 13, 2021, containing the implementing regulations for the capital increase process (so-called capital add-on) envisaged by articles 47-sexies and 216-septies of the CAP. The use of the capital add-on tool is…
New IVASS Rules On AML Obligations
- Posted By Giovanna Aucone
- |
- 21 July 2021
Following the public consultation started on December 11, 2019, the new Regulation no. 111/2021 is currently under publication in the Official Journal of the Italian Republic. Such Regulation envisages amendments to Regulation 44/2019 on internal organization, procedures, and controls as…
THE ITALIAN DATA PROTECTION SUPERVISOR PRESENTS THE 2020 ANNUAL REPORT
- Posted By Pierangela Rodilosso
- |
- 19 July 2021
On 2 July 2021, the Italian Data Protection Supervisor presented to Parliament its annual report on its activities in 2020. In the year of the pandemic, the social distancing imposed to prevent the Covid-19 contagion has led us to digitalize…
IVASS Will Reshape The Rules On Insurance And Reinsurance Distribution Activity After The Annulment By The Regional Administrative Court Of Lazio
- Posted By Giovanna Aucone
- |
- 5 July 2021
On July 1, 2021, when presenting the “Report on the activities carried out by the Institute in 2020“, President Luigi Federico Signorini highlighted the importance of consumer protection within the insurance business, also focusing on the needs of the “simplification…
The Administrative Court Annuls Some Provisions Of IVASS Order No. 97/2020 On Horizontal Cooperation And On Delivery Of The Pre-Contractual Declaration Of Consistency Of The Insurance Product
- Posted By Giovanna Aucone
- |
- 1 July 2021
On June 23, 2021, the Regional Administrative Court of Lazio upheld the appeal filed by S.N.A. (National Union of Insurance Agents) and voided certain provisions of IVASS Order no. 97/2020. The Syndicate’s objections essentially concerning violation of the law and…
COVID-19 Vaccination In The Workplace: The Authority’s Guidelines
- Posted By Pierangela Rodilosso
- |
- 15 June 2021
On 13 May 2021, the Authority for the Protection of Personal Data (after this referred to as “the Authority”) adopted a policy document on Covid-19 vaccination in the workplace, providing general guidance on processing personal data in this context. This…
The Case Of The Online Publication Of A Patient’s Data: The Privacy Authority Intervenes
- Posted By Pierangela Rodilosso
- |
- 31 May 2021
On 15 April 2021, the Authority for the protection of personal data issued three particularly interesting measures concerning an episode of a personal data breach involving a doctor, an AUSL (local health authority), and an association of surgeons. The case…