A new set of rules for governing the Italian asset management industry have kicked off on 14 June.
The Italian asset management association, Assogestioni, has announced changes for Italian asset management firms, following an agreement on 8 May that set new rules for the industry, reported Investment Europe.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The agreement aims at harmonising the Italian asset management industry with the European Security and Markets Authority’s (Esma) parameters, particularly with regard to ETFs and other tools of collective investment in securities.
The new rules also set standards on risk management for harmonised open-ended funds.
Assogestioni also highlighted that more changes will affect the OICRs (tools for collective investment in assets).
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
