IVASS – CONSULTATION DOCUMENT NO. 3/2022
- Posted By pglegal
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- 25 November 2022
On 8 November 2022, the Director of IVASS Riccardo Cesari, taking part during the Insurance Summit, organised by Il Sole 24 Ore in Milan, presented an overview of innovations in life products between regulation and the market. The evolution of…
IVASS – CONSULTATION DOCUMENT NO. 1/2022
- Posted By pglegal
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- 25 November 2022
On 8 November 2022, the President of IVASS, Luigi Federico Signorini, taking part during the Insurance Summit, organized by Il Sole 24 Ore in Milan, affirmed and praised the resilience of the Italian economy despite pandemic and the new crisis…
ANTI-MONEY LAUNDERING AND PRIVACY: THE PRIVACY AUTHORITY’S OPINION ON THE PROPOSED AMENDMENT TO LEGISLATIVE DECREE 231/2007
- Posted By pglegal
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- 10 November 2022
By Order No. 241 of 7 July 2022, the Italian Privacy Authority issued a favourable opinion in relation to the proposed amendment to Legislative Decree No. 231/2007 on the prevention of the use of the financial system for the purpose…
Privacy And Legitimate Interest: The Tik Tok Case
- Posted By Pierangela Rodilosso
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- 3 August 2022
With urgent measure issued on 7 July 2022, the Italian Privacy Authority warned the Tik Tok platform that, in the absence of explicit consent, it is unlawful to process personal data stored on users’ devices in order to profile them…
Centrality Of The Main Procedure And The “Commitment” With Local Creditors
- Posted By Rita Franceschelli
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- 2 August 2022
The coexistence of main and secondary proceedings has given rise to numerous practical difficulties related mainly to the correct identification of the COMI, since the possibility that more than one State may consider itself competent to open the main procedure…
Bancassurance and Privacy: The Bank is a Data Processor
- Posted By Pierangela Rodilosso
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- 27 June 2022
On 18 May 2022, the Italian Data Protection Authority issued an interesting opinion, at the request of an insurance company, concerning the correct identification of the subjective role of credit institutions that process customers’ personal data in the activity of…
Guidelines On Appropriateness And Execution-Only, Issued By ESMA In The Framework Of Directive 2014/65/EU (Mifid II)
- Posted By Giovanna Aucone
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- 9 June 2022
Last 12 April, ESMA published on its website the official Italian translation of the “Guidelines on certain aspects of the MiFID II appropriateness and execution-only requirements” (hereinafter, also, “the Guidelines”), adopted pursuant to Article 16 of Regulation 1095/2010/EU, on 3…
Simplified Regulation For Non-Eu Pleasure Yachts For Maintenance And Refitting Works In Italy
- Posted By Domenico Rinaldi
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- 8 June 2022
On 27 May 2022, the Italian Customs Agency (Agenzia Delle Dogane” or “AD”) with Circular Letter no. 20/2022 (the “Circular”) provided important clarifications that simplify the procedures for non-European flagged pleasure yachts entering EU waters to carry out maintenance and refitting works…
Telemarketing and Privacy: A Company Sanctioned for Failing to Reply to a Customer
- Posted By Pierangela Rodilosso
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- 30 May 2022
With an injunction order dated 7 April 2022, the Italian Data Protection Authority sanctioned a commercial company for €20,000.00, as it had used a customer’s data without consent and had also failed to comply with a request to exercise the…
Foreign Insurance Undertakings Carrying On Life Insurance Business Under The Freedom To Provide Services – Reporting Under Section V (Intermediaries)
- Posted By Giovanna Aucone
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- 30 May 2022
Pursuant to Section VI (“Assessment of money laundering and terrorist financing risks”) of Chapter II of IVASS Regulation No. 44 of 12 February 2019, insurance undertakings with their registered office in a Member State of the European Union or in…