Before proceeding, please note: If you are not a current client of Orrick, please do not include any information in this email that you or someone else considers to be confidential or secret in nature. Prior to the establishment of a lawyer-client relationship, unsolicited emails from non-clients containing confidential or secret information cannot be protected from disclosure.

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Practice Areas

Market regulation

Orrick’s Italian Regulatory team provides clients with specialized legal assistance in the areas of banking (including private banking), financial and asset management services, which were heavily affected by the introduction of new EU laws (such as, inter alia, MiFID “Markets in Financial Instruments Directive”, Market Abuse and Transparency Directives, and anti-money laundering legislation).

Market participants frequently rely on Orrick to structure their operations to comply with regulatory and legislative requirements.

Our lawyers handle on a daily basis all aspects of the regulation of markets, broker-dealers, financial firms, investment advisors and investment companies, including:

  • authorization procedures
  • relationship with competent regulatory authorities
  • internal operating procedures
  • drafting of client contracts and forms.

Our counseling activities in this field include:

  • providing full-service advice to banks and financial intermediaries in various contexts, including the setup of a branch in Italy, the provision of services on a cross-border basis, the drafting of contractual platforms for the supply of investment services and financial products (such as, inter alia, units of hedge funds, OTC derivatives, etc.), internal reorganization processes, licensing and litigation matters
  • advising clients on regulatory requirements and best-execution procedures, in addition to carrying out independent reviews of internal operating procedures, corporate governance and supervisory systems
  • representing financial services firms in dealing with regulatory inquiries, investigations, enforcement proceedings and civil litigation before Vigilance Authorities and in civil litigation
  • drafting memoranda on the impact of new EU and Italian legislation on the corporate structure of clients and their actual or proposed offer of financial services/products to the public.

We are in continuous contact with staff of the key regulators, as well as other self-regulatory organizations. This allows us to efficiently resolve questions requiring input from these bodies quickly.

Before proceeding, please note: If you are not a current client of Orrick, please do not include any information in this email that you or someone else considers to be confidential or secret in nature. Prior to the establishment of a lawyer-client relationship, unsolicited emails from non-clients containing confidential or secret information cannot be protected from disclosure.