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    Italy

    The Bank of Italy shared Clarification on reporting of usage right. This communication clarifies the criteria to be followed for reporting rights of use relating to movable and immovable assets subject to leasing in the Account Matrix items 58875 (PURCHASE OF REAL ESTATE) and 58880 (PURCHASE OF MOVABLE GOODS).

    On October 15, 2024, the BdI shared Clarification on reporting of usage right. This communication clarifies the criteria to be followed for reporting rights of use relating to movable and immovable assets subject to leasing in the Account Matrix items 58875 (PURCHASE OF REAL ESTATE) and 58880 (PURCHASE OF MOVABLE GOODS (Section: II – Other statistical data Subsection: 4 – Other information - Part two - Other information).

    Regulator Web Page

    Overview: The Ministry of the Economy and Finance, the Bank of Italy and CONSOB have the power to apply and act on EU regulations including MAR. Legislative decree No. 58 is Italy’s comprehensive securities law.

    Title I-BIS: Market Abuse 

    Chapter I: General provisions

    • Article 180: Definitions 
    • Article 181: Inside information (repealed) 
    • Article 182: Scope 
    • Article 183: Exemptions 

    Chapter II: Penal sanctions 

    • Article 184: Illegitimate use or unlawful disclosure of inside information. Recommending that another person engage in or inducing another person to engage in illegitimate use of inside information. 
    • Article 185: Market manipulation 
    • Article 186: Accessory penalties 
    • Article 187: Confiscation

    Chapter III: Administrative sanctions 

    • Article 187-bis: Insider trading and unlawful disclosure of inside information 
    • Article 187-ter: Market manipulation 
    • Article 187-ter.1: Sanctions for the infringements of the provisions of Regulation (EU) no. 596/2014 of the European Parliament and Council of April 16, 2014 
    • Article 187-quarter: Accessory administration sanctions 
    • Article187-quinquies: Liability of the entity 
    • Article 187-sexies: Confiscation 
    • Article 187-septies: Sanction procedures 

    Resources & Insights

    Nasdaq Crypto Regulation Guide: Europe

    Nasdaq Crypto Regulation Guide: Europe

    Regulation of cryptocurrency varies globally by region, jurisdiction, and regulatory body. Nasdaq’s comprehensive and updated Cryptocurrency Regulation Guide Europe provides a snapshot of recent recommendations from international regulatory and standards-setting bodies as well as key developments in Europe.

    Clearing the Path for Crypto-Asset Regulation: The EU’s MiCA Explained

    Clearing the Path for Crypto-Asset Regulation: The EU’s MiCA Explained

    The EU recently passed the Markets in Crypto-Assets (MiCA) regulation which will go into effect in 2024. The monumental vote will set global standards for the regulation of crypto-assets. Read our paper to learn more about the articles within MiCA pertaining to market abuse.

    Practical Guide: Markets in Crypto Assets (MiCA) Regulation

    Practical Guide: Markets in Crypto Assets (MiCA) Regulation

    With MiCA scheduled to go into effect in 2024, crypto-asset market participants should expect more stringent surveillance requirements once the regulation is implemented. Now is the time to implement technology and processes to monitor for market abuse, money laundering, and fraud – not only to ensure compliance, but also to protect investors, instill confidence, promote integrity, and attract clients.