With communication published on October 30th on the website of the Banca d’Italia, the criteria to be fulfilled in order to suspend the reimbursement of unauthorized transactions by Payment Service Providers (PSPs), as well as the necessary procedures for the reporting of such suspension, have been specified. In compliance with the reporting obligation under article […]
On October 20th, the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published a consultation document on two joint guideline drafts that aim at providing the national Authorities with a common methodology to assess the suitability of board members, shareholders, holders of qualifying holdings in ART (Asset Referenced Token) issuers and […]
With communication published on October 6 on IVASS’ homepage, the Authority has extended the term for the filing of comments and observation to the draft of the letter to the market regarding the expectations of the Italian Surveillance Authority on the implementation of the POG, published for public consultation on October 6, to November 13, […]
On October 18th, the European Court of Justice ruled on the mandatory insurance requirement for pedal-assist electric bicycles. In fact, while Italy is moving towards imposing third-party liability insurance for electric scooters, the European Court appears to go in the opposite direction as regards e-bikes. The proceeding was brought by a Belgian court with regard […]
On October 19th in Rome, Confindustria and Assicurazioni Generali (with the participation of the National Cyberseurity Agency) presented the first “Cyber Index PMI Report”, which is an index aimed at measuring the awareness of cyber risks among small and medium sized enterprises. The report is based on questionnaires completed by 708 small and medium sized enterprises […]
On October 6th, the European Insurance and Occupational Pensions Authority (EIOPA) published an opinion on the supervision of captive reinsurance companies in the public consultation procedure. The opinion drafted based on Article 29 of EU Regulation No. 1094/2010, that mandates the European Authority to play an active role in establishing a common supervisory culture within […]
In an article published on its website on October 6th, the European Insurance and Occupational Pensions Authority outlined its roadmap for the next two years. The roadmap defines the Authority’s strategic priorities, that aim at managing potential uncertainties, ensuring that the insurance and pension sectors can continue to provide value to policyholders and beneficiaries, and […]
What is the applicable EU legislation? With reference to EU law, on April 20, 2023, the European Parliament has approved the final text of the Markets in Crypto-assets Regulation (MiCA) legislation, which will enter into force between 2024 and 2025 and it will apply directly across the EU without any need for national implementation laws. […]
What is this policy about? It appears to be in line with the European sustainable development goals, which come to life from the decisions taken by, among others, Cop 26. As a matter of fact, the intention of achieving a significant reduction in carbon dioxide emissions within a very short timeframe, which,combined with a progressive […]
Nothing stops the Italian Data Protection Authority from its battle against unlawful telemarketing, this time imposing fines of €40,000 against Comparafacile and €100,000 against Tiscali. Comparafacile Following a report filed by a citizen, the Authority found that the online price comparison company had acquired personal data from certain individuals through a foreign company, subsequently contacting […]
