Bank of Italy relaxes rules on structured products issues


In welcome news for the Italian market, the Bank of Italy has officially relaxed its rules to the extent that it no longer requires issuer notification to approve plain vanilla or structured debt securities offerings.

Legislative decree number 303, dated December 29, 2006, amends article 129 of the Italian Banking Act. Issuers will no longer be required to seek approval from the Bank of Italy for issuing structured products in the Italian retail market. The change means that issuers will also

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