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Newsletter “10-days-update” Banking & Finance n.10/2021

  • Italy
  • General

13-04-2021

Normativa UE e italiana EU and Italian Laws NORMATIVA UE

Decisioni

Decisione del Parlamento europeo di non sollevare obiezioni al regolamento delegato della Com- missione del 28 marzo 2019 che modifica il regolamento delegato (UE) 2016/2251 che integra il regolamento (UE) n. 648/2012 del Parlamento europeo e del Consiglio per quanto riguarda la data fino alla quale le controparti possono continuare ad applicare le rispettive procedure di gestione del rischio per taluni contratti derivati OTC non compensati mediante controparte centrale.

European Parliament decision to raise no objections to the Commission delegated regulation of 28 March 2019 amending Delegated Regulation (EU) 2016/2251 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council as regards the date until which counter- parties may continue to apply their risk-management procedures for certain OTC derivative con- tracts not cleared by a CCP.

Decisione del Parlamento europeo di non sollevare obiezioni al regolamento delegato della Com- missione del 28 marzo 2019 che modifica il regolamento delegato (UE) 2015/2205, il regolamento delegato (UE) 2016/592 e il regolamento delegato (UE) 2016/1178 che integrano il regolamento (UE) n. 648/2012 del Parlamento europeo e del Consiglio, per quanto riguarda la data di decorrenza dell'obbligo di compensazione per taluni tipi di contratti.

European Parliament decision to raise no objections to the Commission delegated regulation of 28 March 2019 amending Delegated Regulation (EU) 2015/2205, Delegated Regulation (EU) 2016/592 and Delegated Regulation (EU) 2016/1178 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council as regards the date at which the clearing obligation takes effect for certain types of contracts.

Regolamenti

Regolamento (UE) 2021/557 che modifica il regolamento (UE) 2017/2402 che stabilisce un quadro generale per la cartolarizzazione e instaura un quadro specifico per cartolarizzazioni semplici, tra- sparenti e standardizzate per sostenere la ripresa dalla crisi COVID-19. Data di applicazione: 9 aprile 2021.

Regulation (EU) 2021/557 amending Regulation (EU) 2017/2402 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised secu- ritisation to help the recovery from the COVID-19 crisis. Date of application: 9 April 2021.

Regolamento (UE) 2021/558 che modifica il regolamento (UE) n. 575/2013 per quanto riguarda gli adeguamenti del quadro sulle cartolarizzazioni per sostenere la ripresa economica in risposta alla crisi COVID-19. Data di applicazione: 9 aprile 2021 (con alcune eccezioni dal 10 aprile 2022).

Regulation (EU) 2021/558 amending Regulation (EU) No 575/2013 as regards adjustments to the securitisation framework to support the economic recovery in response to the COVID-19 crisis. Date of application: 9 April 2021 (with some exceptions from 10 April 2022).

Risoluzioni legislative

Risoluzione legislativa del Parlamento europeo del 4 aprile 2019 sulla proposta di regolamento del Parlamento europeo e del Consiglio sul prodotto pensionistico individuale paneuropeo (PEPP).

European Parliament legislative resolution of 4 April 2019 on the proposal for a regulation of the European Parliament and of the Council on a Pan-European Personal Pension Product (PEPP).

Autorità di vigilanza UE EU Competent Authorities EBA

Public consultations

Consultation paper on draft RTS on disclosure of investment policy by investment firms under article 52 of regulation (EU) 2019/2033 on the prudential requirements of investment firms. Deadline: 1 July 2021.

Consultation paper on draft RTS on emerging markets and advanced economies under article 325ap(3) of regulation (EU) 575/2013 (Capital Requirements Regulation 2 – CCR2). Deadline: 2 July 2021.

EIOPA

Opinions

Opinion on a proposed product intervention measure of Komisja Nadzoru Finansowego of Poland.

Reports

Report on the use of limitations and exemptions from reporting during 2019 and Q1 2020.

Single Rulebooks IDD Single Rulebook. ESMA

Final reports

Final report/guidelines on periodic information and notification of material changes to be submitted to ESMA by trade repositories.

Final report on MIFID II review report on the functioning of the regime for SME Growth Markets.

Final report containing draft RTS on conditions under which additional services or activities to which a CCP wishes to extend its business are not covered by the initial authorisation and conditions under which changes to the CCP’s models and parameters are significant, and the procedures for consulting the college on whether or not those conditions are met (Articles 15(3) and 49(5) EMIR).

Final report on MIFID II review report on the function of Organised Trading Facilities (OTF).

Public statements

Public statement on Brexit: clarifications on the application of the Transparency Directive require- ments by UK issuers with securities admitted to trading on regulated markets in the EU.

Public statement on the application of the temporary suspension of the obligation to publish RTS 27 reports.

Q&A

Q&A’s update on the EU benchmarks regulation (BMR) transitional provision. Q&A’s update relating to the prospectus regulation.

Q&A’s update on implementation of the regulation (EU) 909/2014 on improving securities settle- ment in the EU and on central securities depositories.

Q&A’s update on implementation of the regulation (EU) 648/2012 on OTC derivatives, central coun- terparties and trade repositories (EMIR).

Q&A’s update on securities financing transactions regulation (SFTR) data reporting. Q&A’s update on MIFID II and MIFIR transparency topics.

Reports

Report on enforcement and regulatory activities of European enforcers in 2020.

Report on 2020 EMIR peer review on CCP’s liquidity stress testing.

ESMA / EBA / EIOPA

Reports

Report on risks and vulnerabilities in the EU financial system.

Report on the assessment of the application of the guidelines on complaints-handling. Report 2020.

Autorità di vigilanza italiane Italian Competent Authorities BANCA D’ITALIA

Orientamenti

Orientamenti per gli intermediari relativi ai dispositivi di governance e di controllo sui prodotti ban- cari al dettaglio (POG).

Provvedimenti

Provvedimento 25 marzo 2021 sulla disciplina della Centrale di allarme interbancaria.

CONSOB

Delibere

Delibera 25 marzo 2021 recante abrogazione parziale della delibera n. 17297/2010, concernente gli obblighi di comunicazione di dati e notizie e la trasmissione di atti e documenti da parte di soggetti vigilati. Data di applicazione: 3 aprile 2021.

Q&A

Q&A in materia di requisiti di conoscenza e competenza del personale degli intermediari e dei con- sulenti finanziari autonomi; aggiornamento.

Rapporti

IX Rapporto CONSOB sulla corporate governance delle società quotate italiane.

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