On March 19 2019, after public consultation ended on September 10, 2018, the Bank of Italy enacted amendments to the “Transparency Regulation” dated July 29, 2009 (as amended), in order to complete implementation in Italy of the Directive 2015/2366/UE (the “Payment Services Directive 2 -PSD 2”), and other law provisions (i.e. the Benchmark Regulation 2016/1011/UE, the EBA Guidelines on remuneration policies and practices in the sale of retail banking products and services, etc.).
Such amendments shall be effective starting from July 1st 2019, except for: (a) amendments to Section VI on payment services, and (b) amendments to Section XI, par. 3, on terms to respond to customers’ complaints, that (since are still subject to other public consultations) shall be effective on the date to be indicated by the Bank of Italy by future regulation.