The Protection of Personal Data In The Telecommunications Sector
- Posted By Pierangela Rodilosso
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- 2 September 2021
In a world where a large part of the information is disseminated through electronic communication channels, the protection of personal data being transmitted becomes more important. The content of electronic communications can reveal highly sensitive data about the individuals involved…
Illegal Processing of Riders’ Data: the Authority Sanctions Deliveroo for €2.5 Million
- Posted By Pierangela Rodilosso
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- 20 August 2021
The Italian Data Protection Authority has issued an injunction against Deliveroo Italy S.r.l. (Order No. 285 of 22 July 2021), for the unlawful data processing of 8,000 riders. In addition to prescribing corrective measures to be implemented within a specific timeframe, the…
New Authority Guidelines on Cookies and Other Tracking Systems
- Posted By Pierangela Rodilosso
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- 2 August 2021
On 9 July, the new Guidelines adopted by the Italian Data Protection Authority on cookies and other tracking systems were published in the Official Journal. The final text results from the examination of the various contributions collected during the months of public consultation, which ended…
Risk Mitigation Strategies: EIOPA’s Guidelines
- Posted By Giovanna Aucone
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- 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
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- 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
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- 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
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- 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
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- 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
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- 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
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- 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…