Milan, 2nd November 2021 – Lexia Avvocati assisted Tavira Securities Limited in relation to the authorization granted by CONSOB, in agreement with the Bank of Italy, to provide investment services in Italy on a cross-border basis.

Tavira is a UK investment firm specialized in the provision of investment brokerage services to professional investors – in particular, on equity, fixed income and commodity derivatives.

Lexia assisted Tavira with a team led by Francesco Dagnino, Managing Partner of Lexia Milano, and Angelo Messore, Head of the Financial Services practice, together with the Associates Filippo Belfatto, Carlo Giuliano and Carlotta Mastria.

Lexia coordinated the activities of the law firm Fox Williams LLP, which provided assistance on the analysis of the English law aspects relating to the regulatory regime applicable to Tavira, as well as MPAC Group (part of the Laven Group), a leading wholesale UK compliance consultancy, for the technical and business elements related to the application.

Francesco Dagnino commented: “We are receiving several requests for assistance from UK financial institutions that would like to operate in Italy. Tavira’s authorisation confirms that despite Brexit it is still possible to operate cross-border from the UK to Italy and vice versa by following the procedures foreseen under the law”.

Angelo Messore remarked: “Tavira’s authorisation confirms and strengthens the firm’s track record in the financial services sector. Thanks to our network of independent law firms, we are able to handle authorisation proceedings that require the analysis of particularly complex regulatory issues and the involvement of professionals from different jurisdictions.”