Ubaldo, as a partner of the Banking & Finance Group, is the reference person for the regulatory matters.
These relate to payment institutions, e-money institutions, banks, investment firms, investment funds, asset management companies and other financial intermediaries that operate in the banking and finance sector.
Ubaldo has gained an extensive experience in the FinTech sector, digital payments solutions and innovative services in the payments world, as well as the offering of crypto assets and the operation of social lending and equity crowdfunding platforms.
He has also dealt with investment services, collective portfolio management services, e-money and payment services, consumer banking, derivatives, and the offering of banking and finance products through the internet channel.
Given his professional background, Ubaldo is the person with whom you should liaise for the activation of the authorisation processes of investment firms, asset management companies, investment vehicles, and other financial intermediaries subject to a license by Consob and the Bank of Italy.
Ubaldo provides day-to-day assistance to intermediaries acting in the banking and finance arena guiding them to understand the Italian regulatory scenario and offering them practical and cutting-edge solutions to enter the Italian market.
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Ubaldo has acted for a various number of clients on the following matters:
- Setting up and authorization process with Consob and the Bank of Italy of investment firms (SIMs) for the provision of investment services and activities in Italy;
- Legal assistance to investment funds and investment management companies for the setting up and winding up of UCITS, alternative investment funds, private equity funds, real estate funds, credit funds;
- Advising to asset management companies of private equity funds, real estate funds and alternative investment funds on the regulatory implications deriving from the enactment and implementation in Italy of the Alternative Investment Funds Directive;
- Analysis and evaluation for banks, investment firms and financial intermediaries of the organizational implications due to the adoption and implementation of EU directives and regulations enacted in the banking and finance sectors;
- Offering of e-money services in Italy from European entities;
- Offering of payment services in Italy through virtual and or digital cards;
- Offering of crypto assets in Italy;
- Authorization process with Consob of equity crowdfunding platforms dedicated to SME investments;
- Legal assistance to entities interested in entering the social lending business;
- Setting up and authorization process with Consob and the Bank of Italy of SICAFs, investment vehicles reserved to institutional investors dedicated to execute venture capital investments;
- Offering of financing products outside the scope of consumer credit in Italy, by a EU bank and analysis of the organizational structure to be set up in Italy for the on-going business;
- Liquidation of closed-ended investment funds reserved to professional investors and reorganization of asset management companies;
- Restructuring of an Italian investment firms group.
Ubaldo has supported the Compliance Function of one of the main players in the payment services sector, dealing with of the following items:
- The implementation of the PSD2 and of the relevant regulatory regime with regard to strong customer authentication;
- The analysis and the implementation of the Payment Initiation Service and of the Account Information Service and of innovative cooperation models in the payment services field (payment facilitator and market-place);
- The review and changes of acquiring contracts and the utilisation of innovative technique for the execution of payment transactions through the internet channel;
- The drafting of the internal policy on Product Governance of payment services and instruments;
- The review of the payment circuits rules in connection with the sanctions application:
- The legal and regulatory regime applicable to a payment APP, reserved to minors;
- The applicability of the clients money regime with regard to the funds credited on the payment cards issued by the e-money institution;
- The offering, on a cross border basis, of the acquiring service in connection with the utilisation of financial agents network.
Ubaldo collaborates, on a regular basis, with the main Italian training institutions on banking and finance regulatory topics and he participates as speaker to conferences, seminars, courses organised by banking and finance Italian associations.
- Summer School for International Financial Law, St. Catherine’s College, Oxford, 2002
- Post-graduate Diploma in European Community Law, Economics & Politics, European College of Parma,1994-1995
- Diploma in Legal Practise, Catholic University of Milan, 1989-1994