Financial Services Regulatory & Fintech

We provide comprehensive consulting services to a wide range of clients in the blockchain industry, including exchange platforms, digital wallet providers, digital asset issuers, and various service providers.

We offer strategic guidance and support to address the complexities of this rapidly evolving sector, from ensuring regulatory compliance to leveraging market opportunities.

Our teamwork brings together expert groups in tax law, corporate law, mergers and acquisitions, privacy, intellectual property, and administrative law. This enables us to provide tailored, personalized assistance tailored to the unique needs of each sector.

Our approach involves leveraging the expertise of our highly qualified LEXIA lawyers, ensuring that financial services not only achieve effective visibility but also comply with legal and ethical standards.

Learn more about our expertise in Fintech, Crypto-Assets & Blockchain.

Service Presentation for UCITS

LEXIA is committed to providing comprehensive services to foreign Undertakings for Collective Investment in Transferable Securities (UCITS) authorized under Directive 2009/65/EC, facilitating their marketing to retail and qualified investors in Italy. This includes UCITS in both corporate forms (investment companies) and contractual forms (common investment funds).

LEXIA’s advisory and assistance services cover:

UCITS Registration in Italy:

• Marketing arrangements: preparation and negotiation of italian paying agent agreements and distribution agreements to facilitate marketing.
• Documentation preparation: drafting the subscription form and assisting in document preparation and collection for the notification procedure to italian authorities.
• Notification process: managing the ucits notification process, including follow-ups with consob and publication of documents through consob’s deprof system.
• For luxembourg domiciled schemes, lexia can directly handle notification procedures to consob via cssf.

ongoing regulatory assistance:

• Additional sub-funds registration: assistance with registering new sub-funds and updating documents and filings with consob.
• Pre-notification of additional classes: advising on the pre-notification to authorities for marketing new share/unit classes.
• Offering documents update: ensuring amendments in the ucits’s home country are reflected in italian documents and comply with consob regulations.
• Agreements preparation: drafting and negotiating agreements relevant to the italian market for ucits and its management company (e.g. distribution agreements and italian paying agent agreements).
• Corporate fulfillments: translation of meeting notices and preparation of of voting instructions forms and ancillary documents for italian participants, along with relevant communication to service providers.
• Marketing compliance: assistance with ensuring marketing materials comply with italian and eu regulations, and submitting these to consob when needed.
  extraordinary decisions advice: consulting on extraordinary decisions and fulfilments required under italian regulations.
• Disclosure obligations: managing disclosures and reporting to consob and ensuring compliance with consob resolutions.
• De-notification procedure: assisting with the withdrawal of sub-funds or share/unit classes from the italian market, handling procedures directly for luxembourg domiciled schemes.
• Admission to atfund mtf: assisting with the admission of sub-funds to trade on borsa italiana’s atfund mtf, and ensuring documentation is up-to-date.
  regulator requests: providing assistance in responding to consob information or clarification requests.
• Regulatory updates: offering prompt updates on legal and regulatory changes impacting ucits offerings in italy, along with advisory services on applicable regulations.