Salvatore Iannitti (IT)

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Consob, the Italian financial sector regulator, has launched a consultation on the abrogation of the obligation to publish a prospectus for unit-linked and index-linked insurance products. The proposed change is intended to end the peculiar Italian regime requiring insurers to draft a prospectus for unit-linked and index-linked insurance products, introduced in 2005 when the EU legal framework on pre-contractual information for insurance products was far from harmonized. The consultation follows the introduction throughout the EU…