Our Financial Markets group advises on issues arising from the financial, banking and insurance sectors, including the Consolidated Financial Act 1998 (TUF), the Banking Act 1993 (TUB) and the Consolidated Insurance Act 2005, together with all relevant regulations.
The firm has particular strength in advising on the structuring of national or multi-jurisdictional capital markets deals. We provide a comprehensive service, selecting and implementing the most effective structure for a deal, advising on the constitution and regulation of the entities involved and drafting of contracts and documentation, always taking account of our clients' specific goals. We work closely with the firm's experts in collateral fields (tax, finance, EU & competition, employment, corporate, privacy, anti money laundering, and so on) and take full advantage of the expertise of our various European offices. The aim is to deliver to the client a complete, innovative and market practice-orientated service, always tailored to a specific business need and tested from different points of view.
The Financial Markets group has developed expertise in advising investment firms in relation to Banca d’Italia and Consob (the Italian Stock Exchange Commission) rules, in particular with reference to incorporation and authorisation of:
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SGR (asset management companies)
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SIM (investment firm)
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branches and representative offices of foreign banks
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EU investment firms' branches
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open-end (UCITS and non-UCITS) and closed end funds (including many PE funds and SICAVs)
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internal procedures and rules of conduct
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hedge funds' structuring and regulations
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real estate funds' regulation
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marketing in
Italy of foreign PE funds (English, Scottish,
Guernsey,
Jersey and Delaware LPs, LLPs, German KGs, Luxembourg SICARs, etc.)
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other financial products marketing
The team undertakes technical and complex financial services and markets regulatory work for investment firms, asset management companies, investment banks, general insurance and life assurance companies and other financial institutions operating in Italy and in international financial markets. We are among the leading legal services providers in:
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contributing to the opening of the Italian market to foreign PE funds, through queries and constant liaisons with Banca d'Italia and Consob, and
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structuring complex products for the insurance sector, meeting insurance companies' regulatory capital provisions.