Transposition of the PAD: Publication in the Official Gazette of the amendments to the provisions on transparency adopted by the Bank of Italy

On the Official Gazette no. 195 of 22 August 2017 has been published Bank of Italy’ Regulation dated 3 August 2017 containing additions and amendments in relation to the provisions on “Transparency of operations and banking and financial services. Fairness of the relationships between Intermediaries and Clients” adopted on 29 July 2009.

The amendments implement articles 126-quinquiesdecies, para. 10, and 126-vicies-quinquies of the Legislative Decree n. 385 of 1 September 1993, (so-called TUB), by which has been transposed in Italy the  Directive 2014/92/EU (“Payment account directive” – PAD).