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Tag Archives: financial products

Posted in Case reports, Italy

Latest developments of Italian case law for index-linked and unit-linked policies

The classification of index and unit linked policies as insurance or financial products continues to be debated in Italy, notwithstanding the Supreme Court’s decision no. 6061 of 18 April 2012. The issue arises from the enactment of Law no. 262/2005 – entered into force on 25 January 2007 -, which extended the application of the

Posted in Regulatory and legislative updates, Spain

Spain: The new classification of financial products

The Order ECC/2316/2015, regarding the duty of information and classification of financial products, published in the Spanish Official Gazette on 5 November 2015, will come into force on 5 February 2016. This Order establishes a standardised information system and classification of financial products aimed at warning the clients about the risk level and complexity of