Consultancy on Registration to Special Register of the Bank of Italy

Consultancy on Registration to Special Register of the Bank of Italy: art. 106, Article 107, Institute of Payment, Money Transfer

The Sefin staff supports the activities of financial intermediaries in the analysis, research and preparation of documents to be submitted to the Bank of Italy for submissions to the different registers. .

  1. Temporary activities
  2. Registration activities
  3. Rating recapitalize volumes and composition

Click here for the transition to new financial intermediaries ARTICLE 106 TUB!

Inscription in Special Register art.107 TUB

An Intermediary, regularly enrolled at the former General ART.106 TUB, due to the development of their business must apply for membership in the special register (107 TUB) and assume the status of “supervised entity”, with an adequate capital requirements and periodic reporting to the Bank of Italy.

OBJECTIVES

  • Ensure that the requirements needed in the special enrolment
  • Apply for enrolment and planning of interventions needed in the future
  • Assets proper organizational structure (staff, procedures and information systems) for future projection.

Coordination of Compliance Application for registration formalities for participants

  • capital and corporate relations tasks Board - the organizational structure
  • report program activities (business plans)
  • definition of risk, controls and monitoring description of activities
  • description of information systems
  • formulating deliberating calendar of the Social Bodies
  • Formulating a calendar of interventions on the structure and on the systems

Coordination of obligations after obtained registration

  • reporting requirement Central Credit Check
  • request encryption keys - Data Center Certification accounting compliance risks
  • Central Credit - Certification compliance Supervision reports of accounting data - Request for access - Prudential Supervision (bases 3-4-5)
  • ICAAP (2-Basel Pillar 2) and the Statement of Public (Basel 2 Pillar-3)
  • Anti-usury
  • Financial statements prepared in accordance with IAS and sending it to Bank of Italy

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