Italy: IVASS issues further secondary rules on AML | Hogan Lovells jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Surveys and Reports
Regulatory Developments
United Kingdom: FCA publishes feedback statement on Open Finance
Some of the key findings that the FCA draws out in its feedback statement are:
A legislative framework would be needed for open finance to develop fully, both to provide any statutory right to data access and to support a regulatory framework.
In addition to the regulatory framework, the following building blocks would be needed for a sustainable open finance ecosystem to develop – either in support of voluntary adoption or to support future legislation:
consumer protections informed by an ethical framework;
a liability model;
an implementation entity that is funded and governed equitably; and
Domain name industry news
The impact of Brexit on French domain names
AFNIC, the French domain name Registry, has clarified in a recent publication the impact of Brexit on French domain names.
As regular
Anchovy News readers may know, applicants for domain names registered under the .FR country code Top Level Domain (ccTLD) need to be based in the European Union, or in one of the following countries: Iceland, Liechtenstein, Norway and Switzerland.
As the United Kingdom has now left the EU, it is no longer possible for UK-based companies or individuals to register .FR domain names.
However, unlike EURid, the .EU domain name Registry, which has suspended over 81,000 .EU domain names held by UK-based registrants who had not updated their address to one in the EU (see our article in last month’s issue), AFNIC has not made this rule retroactive.
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By order No. 97 of 4 August 2020, IVASS completed the
implementation in Italy of the rules on distribution of insurance
investment products, aimed at pursuing the rationalisation and
simplification of the regulations on the matter.
In particular, the aforementioned Provision abrogated the
obligation for intermediaries registered in sections A (agent), B
(broker) or F (ancillary intermediary) of the Italian Register of
Intermediaries, to certify, by means of a communication submitted
to IVASS by 5 February each year, the renewal of the third-party
liability insurance contract or, in the case of a multi-year
To print this article, all you need is to be registered or login on Mondaq.com.
By order No. 97 of 4 August 2020, IVASS completed the
implementation in Italy of the rules on distribution of insurance
investment products, aimed at pursuing the rationalisation and
simplification of the regulations on the matter.
In particular, the aforementioned Provision abrogated the
obligation for intermediaries registered in sections A (agent), B
(broker) or F (ancillary intermediary) of the Italian Register of
Intermediaries, to certify, by means of a communication submitted
to IVASS by 5 February each year, the renewal of the third-party
liability insurance contract or, in the case of a multi-year