Italy – CB Qualified Shareholding in Banks

Italy – CB Qualified Shareholding in Banks

On 28 October 2021, ITA CB announced rules on qualified shareholding in banks, IMEL.

  • Update information and documents to be sent to ITA CB by anyone who intends to acquire a qualified stake in intermediary (cited above), implements relevant EU law.
  • In line with guidelines of EU authorities; at the same time simplify legislation.
  • In that regard the rules relating to these intermediaries are summarized in single text.
  • Take into account comments received during consultation phase (report published).
  • The rules are published on own site and will also be published in the official gazette.
  • They will enter into force on 1 April 2022 and apply to applications for authorization for the acquisition of qualifying holdings presented starting from that date.