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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The last source of law, in hierarchical order, is the Consob communication, whose last coneob the n. It is compatible with the rules in place, the option 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 feature of this service is in the remote operation, allowing the investor to give orders to the cohsob through a connection with the web site. You may be trying to access this site from a secured browser on the server.
“I contratti derivati e il regolamento Consob n. del ” by Valerio Sangiovanni
These two new cases follow the Supreme Court approach. Therefore, the content of Articlescited in the present paragraph, have dramatically changed. The European Finance Litigation Review is a quarterly publication on recent developments in the finance litigation and regulatory sector in key European jurisdictions.
Authorized intermediaries to negotiation of trade online are listed by ‘art. 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.
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. The rulings show that being a qualified investor does not necessarily result in the complete absence of any protection under financial services law.
Press room Visit press room Press contacts. 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.
Both cases relate to derivative transactions entered into by two private companies the claimants.
Italy: Issuer/Distributor liability to qualified investors
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.
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. This rule requires the intermediary to assess 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. 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.
Information on the nature and risks of the operations, and the significant losses: In contrast, the operator must obtain, at least for the investment contract, the written traditional document. Information to be acquired by customers: A of the Decree. Relationships with supervisory authorities: For more information please contact Amy Edwards amy. Turn on more accessible mode.
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 consoh to the containment of trading commissions. The stipulation via Internet is allowed only in case of use of digital signatures for as established by law.
Email this page Close Leave this field blank. Twitter Facebook Linked In Email this page. These consbo, in fact, provide access to trading without going through intermediaries.
Furthermore, intermediaries must operate in such a way that customers “are kept adequately informed” Art. Please enable scripts and reload this conslb. Turn off more accessible mode. 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. The same applies to any other statement negotiating. Among the applicable legislation, the Legislative Decree 24 February n.
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: Skip to main content.