Publications

How will Eltifs change

What will be the effects of the new Eltif regime? And how will it affect the category of semi-professional clients and the access to reserved AIFs? Luca Zitiello’s opinion on the topic in the January issue of Private Banking magazine Read here (Italian only)
Read More

Only if there is tangible improvement

ESMA updates Q&A on inducements. The Authority provides guidance on how to perform the quality enhancement test. An in-depth analysis from a legal point of view by our Pietro Lorenzi in the December/January issue of Fondi & Sicav magazine. Read here (Italian only)
Read More

Borderline

What is promotion? Where does promotion end and placement begin? A recent Consob communication provided food for thought on the nature and qualification of distributive activities which do not include consultancy services. Luca Zitiello’s opinion on the matter in the November issue of Private magazine    
Read More

Shedding some light on remunerations

Esma launches a new public consultation on the new draft guidelines on internal remuneration requirements to update the existing guidelines issued in 2013. What will be the impact on sales networks? Luca Zitiello’s comment on the subject in the October issue of Private magazine. Read here (Italian only)  
Read More