February 8, 2025

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Italy Fingers British isles Finance Companies 6-Month Working Extension

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Legislation360, London (January 4, 2021, 11:10 AM GMT) — Italy’s securities regulator has presented U.K. finance and insurance coverage firms an more six months to function in its marketplaces if they are awaiting authorization to provide Italian clients now that the Brexit transition period has ended.

The Italian watchdog stated on Saturday that British financial intermediaries will be permitted to function in the Italian current market to approach current contracts until eventually the conclusion of June. But the authority explained the momentary permission does not extend to pursuing new company.

Britain officially still left the European Union’s regulatory orbit on Jan. 1. The two sides agreed to a divorce offer on Christmas Eve that did…

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