Source: http://www.consob.it/mainen/documenti/english/en_newsletter/2017/year_23_n-06_20_february_2017.html
Timestamp: 2017-09-22 22:37:13
Document Index: 474399469

Matched Legal Cases: ['art. 11', 'arts 17', 'Art. 144', 'art. 40', 'art. 113', 'art. 113', 'arts 116']

Weekly newsletter - year XXIII - No. 6 - 20 February 2017
Save the date. 08 May 2017: CONSOB’s next annual meeting with the financial market
The IOSCO Board meeting in Milan
Memo: Securities markets: trends, risks and policies - CONSOB–ESMA–Bocconi Conference
The fifth annual Report on corporate governance published
UniCredit capital increase: CONSOB approves the supplement to the prospectus
Elections of the administrative and auditing bodies of OVS SpA
CONSOB: 2017 contribution regime
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Spain (Comisión Nacional del Mercado de Valores - CNMV), Ireland (Central Bank of Ireland), Austria (Financial Market Authority - FMA), Switzerland (Swiss Financial Market Supervisory Authority – FINMA), Belgium (Financial Services and Markets Authority – FSMA), the United States (Securities and Exchange Commission - SEC), Hong Kong (Securities and Futures Commission – SFC) and Republic of China - Taiwan (Financial Supervisory Commission - FSC) report companies and websites that are offering investment, financial and insurance services without the required authorisations.
08 MAY 2017: CONSOB’S NEXT ANNUAL MEETING WITH THE FINANCIAL MARKET
CONSOB's next annual meeting with the financial market will be held in the morning of Monday 08 May 2017.
The appointment is set at Palazzo Mezzanotte in Piazza Affari in Milan.
Wednesday and Thursday of this week, 22 and 23 February, one of the periodic meetings of the board of IOSCO (International Organization of the Securities Commissions) will be held in Milan. The Board is the governing body of the association of the Authorities supervising the securities markets of more than 115 countries. The Authorities of 34 countries are represented on the board; among these is CONSOB, which is a permanent member.
IOSCO’s objective is to develop, promote and implement (also in collaboration with the G20 and the Financial Stability Board) international standards to facilitate investor protection and market integrity, and to combat market abuse.
MEMO - SECURITIES MARKETS: TRENDS, RISKS AND POLICIES - CONSOB–ESMA–BOCCONI CONFERENCE
CONSOB, ESMA and Bocconi University, through the Baffi - Carefin Research Centre, are organising the conference entitled "Securities markets: trends, risks and policies” on 24 February 2017 in Milan, at Bocconi University, Room AS01 (via Rontgen 1), starting a 8:45 a.m.
A policy session will follow on the subject of “Technology and Financial Services:The Development and Regulation of Robo-advice”, chaired by Francesco Saita (Bocconi University).
CONSOB’s fifth annual Report on the corporate governance of listed companies in Italy has been published. The Report, available on the website www.consob.it, annually presents a picture of the corporate governance scenario of the companies listed in Piazza Affari. The latest edition confirms the characteristics of the Italian financial market, including a large number of companies that have a controlling shareholder and low contestability.
At the same time, the report highlights a number of elements that go in the direction of greater openness, such as a reduction in shareholders' agreements and a slight increase in companies with widespread shareholdings. According to the latest data, the number of women in corporate bodies is growing strongly.
CONSOB has approved the supplement to the prospectus in tripartite format related to the public offering and listing on the Mercato Telematico Azionario (MTA market) organised and managed by Borsa Italiana SpA, on the Frankfurt Stock Exchange and on the Warsaw Stock Exchange, of UniCredit SpA ordinary shares. The prospectus had been approved on 27 January 2017 (registration document – see “CONSOB Informs” no. 3/17) and 03 February (securities note and summary note - see “CONSOB Informs” no. 4/17).
The Commission also transmitted the documentation to the competent authorities of Germany and Poland pursuant to art. 11, paragraphs 1 and 3, of the issuers’ regulations, aimed at obtaining the community validity of approval of the supplement, under the terms of arts 17 and 18 of Directive 2003/71/EC.
The supplement incorporates the update of certain information contained in the prospectus consequent to:
a) approval of the preliminary economic and financial data of the UniCredit group related to financial year 2016 (“2016 preliminary data”) by the issuer’s board of directors on 09 February 2017;
b) signing, on 04 February 2017, of the agreement with the trade unions in relation to the redundancies provided for in Italy by the bank’s strategic plan.
In accordance with Art. 144-septies, paragraph 1 of the Issuers’ Regulations, the Commission has identified the minimum equity interest for the presentation of candidate lists for the election of administrative and auditing bodies of the listed company OVS SpA (1%), whose financial year ended on 31 January 2017(resolution no. 19880 of 15 February 2017).
Approval has been given for the CONSOB contribution regime for 2017. For subjects resident in the areas affected by the earthquake an extension of the terms of payment up to 30 November 2017 is provided for (resolution no. 19877 of 15 February 2017).The amount of the contributions and the methods of payment are detailed in resolutions no. 19827 and no. 19828, both of 21 December 2016. The indication of the subjects obliged to pay is, instead, contained in resolution no. 19826 again of 21 December 2016.
The total revenue forecast for the contribution regime for 2017 is € 115.06 million.
The resolutions have been published in the CONSOB Newsletter and are being published in the Official Journal.
Approval has been given for the CONSOB contribution regime for 2017, adopted, under the terms of art. 40 paragraph 3 of Italian Law no. 724/1994 (resolutions nos 19826, 19827 and 19828 of 21 December 2016).
Spafid Connect SpA, with headquarters in Milan, is authorised
- under the terms of art. 113-ter, paragraph 4, lett. a), of Italian Legislative Decree no. 58/1998, to operate the Disclosure of Regulated Information System – DRIS entitled “eMarket SDIR” (resolution no. 19878 of 15 February 2017);
- under the terms of art. 113-ter, paragraph 4, lett. b), of Italian Legislative Decree no. 58/1998, to operate the Mechanism for the Centralised Storage of Regulated Information entitled “eMarket Storage” (resolution no. 19879 of 15 February 2017).
Spafid Connect takes over from Bit Market Services SpA both in operating the Storage Mechanism renamed “eMarket Storage” and in operating the Disclosure of Regulated Information System – DRIS entitled “ eMarket SDIR” and is registered in the lists, held by CONSOB, under the terms of arts 116-septies, paragraph 3 and 116-undecies, paragraph 3, of the regulation concerning rules for issuers. Consequently Bit Market Services SpA is cancelled from the same lists.
On the basis of the provisions of Arts. 144-ter et seq. of the Issuers' Regulations, the Commission published the minimum equity interest for the presentation of lists of candidates for the election of boards of directors and statutory auditors of the company OVS SpA (resolution no. 19880 of 15 February 2017).
Approval has been given for the supplement to the prospectus in tripartite format related to the public offering and listing of UniCredit SpA ordinary shares (decision of 15 February 2017).
Approval has been given for the supplement to the registration document and base prospectus concerning the programme of public offering and/or listing of bonds issued by Iccrea Banca SpA - Istituto Centrale del Credito Cooperativo (decision of 15 February 2017).
Paolo Borghi has been removed from the single register of financial consultants ((resolution no. 19869 of 01 February 2017).
Vincenzo Torchia has been suspended for sixty days, as a precautionary measure, from practising as a financial consultant authorised to make out-of-office offers (resolution no. 19872 of 08 February 2017).