On Oct. 11, ITA BRS issued notice on changes to some markets' rules.
ITA BRS issued Notice 42789 of amendments to market rules and related instructions.
The changes affect ETFPLUS Market, Euronext Milan Market, MIV Milan and MOT Markets and Euronext Derivative Milan Market and are effective as of Oct. 28, 2024.
Overview
ITA Consob resolution 23249 of Sep. 18, 2024 approved the amendments to the Rules of Markets organized, managed by ITA BRS, adopted by its Directors Board on Jul. 23.
All markets: issuer obligations regarding CSD exchange.
ETFPlus
Introduction of Professional Segment; fine tuning list of underlying assets; elimination of publication of iNAV for admission to listing of ETFs and related disclosure obligations.
Introduction and revocation for ETFs; simplification of documentation required at the time of the application for admission–market maker form.
Euronext Milan
Fine tuning relating to procedure for admission to listing in the case of an option offer pursuant to article 2441 of the Italian Civil Code.
MIV Milan and MOT
Introduction of possibility to accept orders for sale from non-professional entities in case of instruments listed in Professional Segment of the mentioned markets.
Euronext Derivative Milan
Fine tuning of wording and to strike generation table and to time validity parameters.
MOT
Review of timing in case of admission on basis of a program; introduction of limitation of participation in distribution on market to certain participants admitted to trading (amendment extends to Euronext Access Milan Market Regulations).
Elimination of reference to Trading Manual; review of application forms, simplification of the documentation to be attached.
