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Coronavirus emergency: Consob extends the deadlines for sending certain periodic communications due from intermediaries and online portal managers and draws the attention of portal managers on the necessary measures (March 25th, 2020)

Consob has decided (resolution no. 21314 of March 25, 2020) to grant intermediaries a 60-day extension for the terms relating to the sending of the report on how to perform the services and the report on the organizational structure envisaged by Resolution 17297/2010 .

The decision was made in light of the containment measures taken by the government to deal with the Coronavirus emergency. The restrictions in force as a result of the aforementioned measures could in fact preclude supervised entities from the timely fulfillment of the obligations set forth therein.

Similarly, Consob has extended (resolution n. 21315 of March 25, 2020) also 60 days the deadlines for sending portal managers the communications required by art. 21, paragraph 3, of the Regulation on raising funds through online portals. The attention of these managers was also drawn to the need to take measures to ensure the operational continuity of the activities carried out on the portal as well as to promptly update the information relating to the bidders on significant events likely to influence investment decisions.