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In Short The Situation: As of the close of the Brexit transition period ending on December 31, 2020 ( Withdrawal Date ), UK banks, UK investment firms, and UK electronic money institutions ( UK Financial Institutions ) can no longer operate in Italy under the principle of mutual recognition. The Action: Article 22 of Italian Law Decree No. 183 of December 31, 2020 ( Milleproroghe Decree ) as further explained by the press releases issued by Bank of Italy and Consob on January 2, 2021 provides for a grace period until June 30, 2021, for UK Financial Institutions, provided that a request to operate in Italy had been submitted to the relevant Italian competent authority by the Withdrawal Date.

United kingdomEuropean unionUnited kingdom financial institutionUnited kingdom financial institutionsPeriod providedWithdrawal dateItalian legislative decreeUnited kingdom financial institution italy basedAuthorized united kingdom financialஒன்றுபட்டது கிஂக்டம்ஐரோப்பிய தொழிற்சங்கம்ஒன்றுபட்டது கிஂக்டம் நிதி நிறுவனம்ஒன்றுபட்டது கிஂக்டம் நிதி நிறுவனங்கள்காலம் வழங்கப்பட்டதுதிரும்பப் பெறுதல் தேதிஇத்தாலிய சட்டமன்றம் ஆணை