• New Equity Disclosure Rules for Italian Listed Companies
  • August 3, 2016 | Authors: Stefano Crosio; Carlo Mecella; Massimo Tesei
  • Law Firm: Jones Day - Milan Office
  • On November 25, 2015 and on May 30, 2016, the Italian securities market regulator, Commissione Nazionale per le Società e la Borsa (“CONSOB”), announced certain amendments to CONSOB Regulation No. 11971 of May 14, 1999, related to the regulatory framework applicable to issuers of market-traded securities (“Issuers’ Regulation”). These amendments are intended to comply with the provisions of Legislative Decree No. 25 of February 15, 2016, which implemented Directive 2013/50/EU amending Directive 2004/109/EC regarding transparency requirements for issuers (“Transparency Directive”).