Policies

Bill on interventions to support capital competitiveness

Submissions

Tuesday, june 27, 2023

The bill is part of a commendable effort aimed at revitalizing the Italian capital markets. The Association has identified the need to support a simplification of the supervisory regime for externally managed SICAFs and SICAFs, and to explicitly apply, for AIFs, the principles of full asset segregation characteristic of mutual funds. There is also a need to amend the regulations regarding the tax transparency of real estate AIFs, as the current regime acts as a disincentive to investment. The Association has also called for the adoption of measures aimed at revitalizing listed UCITS, as well as a revision of the preferential tax regime for SIIQs, expanding its scope of application.