What's new
Warning about the highly-dilutive rights issue of Credito Valtellinese spa – Application of the rolling model and product governance

Published: 17 February 2018

Having regard to the new Mifid II derivation regulations, Consob draws attention to the need that "distributors" intermediaries (ie the parties who offer, recommend or sell a service and an investment product to a client) take into, as part of their procedures, of the indications provided by Credito Valtellinese Spa as a result of the product governance process.

CONSOB Discussion Paper "The cost of mutual funds in Italy. Evolution over time and international comparison" published

Published: 19 February 2018

The paper analyses the structure and evolution of the cost of Italian open-ended mutual funds in the 2012-2016 period and highlights how a very high percentage of the costs incurred by subscribers is destined to remunerate the distribution activity. In fact, approximately 70% of the commission paid to asset management companies is absorbed by distribution costs. ...

Credito Valtellinese Spa capital increase: CONSOB approves the bid and listing prospectus

Published: 19 February 2018

The Commission has approved the prospectus, in tripartite format (registration document, securities note and summary note), relating to the offer under option to shareholders and admission to listing on the Mercato Telematico Azionario (MTA) of newly issued ordinary Credito Valtellinese Spa shares. ...


Communications for investor protection
Published: 19 February 2018