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Amendments to the transparency regulation – Implementation of EBA guidelines on product oversight and governance arrangements for retail banking products.

On December 5th, 2018, after public consultation, the Bank of Italy enacted amendments to the Transparency Regulation (see the Bank of Italy Regulation, dated July 29, 2009, as amended), in order to implement EBA (European Banking Authority) Guidelines on product oversight and governance arrangements for retail banking products.

2019 Budget Law on smart working.

With regard to smart working, the 2019 Budget Law n. 145 of 30 December 2018 provides a facilitation meant for particular categories of workers through the provision of the obligation for employers to reserve priority of access to mothers during the three years following the end of maternity leave. This preference is also given to workers who have children in conditions of disability.

2019 Budget Law no. 145: news on hiring, employment, entrepreneurship.

The new 2019 Budget Law, approved by the Chamber of Deputies on December 30, 2018, came into force on January 1, 2019, integrating or modifying the changes introduced by the previous legislation on incentives for youth employment, to increase the hiring of companies and facilitations for entrepreneurship. In addition, the 2019 Maneuver introduces new measures to support people in poverty and newsiness for pensions, including citizenship income and c.d. Share 100.