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 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. For more information please contact Amy Edwards amy. Relationships with supervisory authorities: Conspb entities to trading: Among the applicable legislation, the Legislative Decree 24 February n.
Italy: Issuer/Distributor liability to qualified investors – Publications – Allen & Overy
North America United States. Both cases relate to derivative transactions entered into by two private companies the claimants. These systems, in fact, provide access to trading without going through intermediaries. However, a party that alleges that the written declaration does not correspond with the facts must provide evidence of the specific circumstances from which it could have been inferred that the requisites of competence and experience were missing, and show that the bank was already acquainted with those circumstances at the time the contract was drawn up.
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Italy: Issuer/Distributor liability to qualified investors
News View latest news, deals and cases. 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 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.
This rule requires the intermediary to assess the cconsob 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 on the nature condob risks of the operations, and the significant losses: The rulings show that being a qualified investor does not necessarily result in the complete absence of any protection under financial services law. 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.
Vonsob identification for the purpose of anti-money laundering measures: 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 11252 trading commissions.
“I contratti derivati e il regolamento Consob n. del ” by Valerio Sangiovanni
About us Corporate responsibility Alumni Contact us Online services. Please enable scripts and reload this page. Press room Visit press room Press contacts. See also Online Trading definition. The information about the existence of the conflict of interest provided by the intermediary can also provided via the Internet.