CONSOB 11522 PDF

Valerio Sangiovanni. “I contratti derivati e il regolamento Consob n. del ” Giurisprudenza di merito () Available at. /) defined in detail the single elements of portfolio management service (for was expressly defined in the Consob Regulation on Intermediaries no. of 1 July , as amended. lett. b) of the UFA and Article 33, paragraph 1, of the CONSOB Regulation, a safe-harbor exemption is applicable also in.

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Therefore, the contract agreement will be via the Internet only if it is effectively realizable the digital signature as provided by the d.

Cookies on our website We use cookies on our website. These companies provide the customer a digital platform that, thanks to the Internet, allows you to view, buy and sell financial instruments in a short time.

These two new cases follow the Supreme Court approach.

B of the Decree. Therefore, the content of Articlescited in the present paragraph, have dramatically changed. About us Corporate responsibility Alumni Contact us Online services. Ocnsob same applies to any other statement negotiating. Further Information The European Finance Litigation Review is a quarterly publication on recent developments in the finance litigation and regulatory sector in key European jurisdictions.

“I contratti derivati e il regolamento Consob n. del ” by Valerio Sangiovanni

This rule requires the intermediary to cnosob the adequacy of the operation compared to the profile of the investor, preparing and activating specific procedures, to consider operation characteristics in relation to the customer profile. Information to be acquired by customers: The last source of law, in hierarchical order, is the Consob communication, whose last is the n.

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Italy: Issuer/Distributor liability to qualified investors

Qualified entities to trading: In case of receiving provisions for a inadequate operation, a duty to report to the customer the inadequacy applies even when the service is provided online paragraph 3 of article. You may be trying to access this site from a secured browser on the server. Features and Regulation The online trading has developed in the Italian market in the nineties and has mainly success to the speed of orders transmission, to the almost total elimination of the error risk in their transposition and especially to the containment of trading commissions.

By continuing to use this site without changing your settings you consent to our use of cookies in accordance with our cookie policy. Furthermore, intermediaries must operate in such a way that customers “are kept adequately informed” Art. Similarly, via the Internet, the customer can possibly agree to the operation despite the existence of a conflict of interestif the technical operational procedure of the intermediary is structured in a way that requires at the investor a demonstration of effective and informed consent.

In any case it is necessary that the intermediary predisposes appropriate procedures and resources to deal with any “falls” even temporary of the automated system, with tools to enable customers to continue the operation. A of the Decree. Within the overall framework of the regulation applicable to online trading, we can identify some key areas that regulate the start-up phase of the relationship with the investor: To learn more about cookies, how we use them on our site and how to change your cookie settings please view our cookie policy.

Among the applicable legislation, the Legislative Decree 24 February n. Email this page Close Leave this field blank. Relationships with supervisory authorities: For this reason, the service provider often use, as permitted by law, the faculty of indirect identification thanks to the obtaining appropriate certification by other intermediary, usually a bank, to heed the funds transfer. The current rules do not means the specific procedures and methods of acquiring information on the investor; the definition of such procedures and methods is based on the operators discretion.

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In contrast, the operator must obtain, at least for the investment contract, the written traditional document. For more information please contact Amy Edwards amy.

Conxob feature of this service is in the remote operation, allowing the investor to give orders to the intermediary through a connection with the web site. In born the first trading platforms in Italy, following the rapid expansion of the phenomenon, thanks to the gradual spread of the Internet, the Consob in establish it and regulate it with Consob Regulation no. It is compatible with the rules in place, the consb to make available through the website the document on the general risks of investing in financial instruments, which should be delivered to the investor before provision of investment services and accessories these connected.

The stipulation cnsob Internet is allowed only in case of use of digital signatures for as established by law. Press room Visit press room Press contacts.