Unit- and index-linked policies | Ivass Consultation document n. 3 of 11 March 2022 deals with two among the most discussed and topical issues regarding Class III policies: the regulation governing the eligible assets of the funds in the unit-linked policies and their demographic risk. Pietro Lorenzi’s insight on the matter as published in Diritto […]
Mifid review: The disruptive document of the European Commission on the new suitability regime is met with quite a lot of bewilderment (by Esma as well). A critical review concerning the matter by Mr Luca Zitiello in the May issue of We Wealth magazine Read here (Italian only)
ESMA | Esma has updated its guidelines on remuneration policies and practices. Esma has published its update of its guidelines on remuneration policies and practices provided for by Mifid II after nine years of waiting. The new guidelines are based on the text of the 2013 guidelines which are basically confirmed, albeit improved and integrated. […]
Last February Consob has repealed its communications on illiquid assets and complex products. Rather than a clean slate, it seems like a step back to the future. Luca Zitiello’s insight on the topic in the April issue of Private magazine. Read here (Italian only)
Unit-linked policies | The Court of Justice of the European Union has published an important judgment in relation to the information disclosure obligation prior to the signing of a “unit-linked” policy and the required pre-contractual procedures laid down by the relevant European reference framework. Our Pietro Lorenzi has provided some insight on the topic in […]
The reform of the Corporate Crisis and Insolvency Code : is it a genuine Copernican revolution? Luca Zitiello has primarily analyzed its effects on the banks and on new credit management strategies, in the March issue of We Wealth. Read here (Italian only)
Esma has published its Final Report for a more comprehensive understanding of the rules on appropriateness. It confirms that the distributive capacity depends on the level of service. Luca Zitiello’s contribution to the topic in the March issue of Private magazine. Read here (Italian only)
In a recent ruling that has become case-law, the Court of Matera has dealt with the matter of the bank’s exemption from joint and several liability, as per Article 31 of the Consolidated Law on Finance on criminal offences committed by its financial advisors, in claims for damages brought by the injured customers. An insight […]
Illiquid and complex products: what changes in the intermediaries’ distributive processes after Consob’s Notice of 3 February 2022. A contribution to the topic by our lawyers Francesco Mocci and Giacomo Chieregato in the online magazine Diritto Bancario. Read here (Italian only)
How to define value for money? An analysis of Eiopa’s Supervisory Statement on the assessment of value for money of unit-linked insurance products under product oversight and governance. Luca Zitiello’s insight on the topic in the February issue of Private magazine. Read here (Italian only)
