Regulatory assistance

The company advices its clients in the interpretation and correct application of the regulations of the financial and insurance sector.

Over the years, Tema's partners have acquired a deep knowledge of the sector's regulations both at Community level (ESMA, DIRECTIVE MIFID I and II, GDPR, EMIR, IDD, MIFIR, AIFMD and UCITS IV and V, IV DIRECTIVE ANTIRICLAGIO) and at local level (TUF, TUB, Privacy Code, and Consob, Bank of Italy, UIF and IVASS implementing regulations).

The company offers assistance in the drafting and revision of MIFID II, CRR2, CRDV policies, contracts and internal procedures and performs policy check-ups to assess their adequacy and effectiveness as well as Gap analysys pursuant to Bank of Italy Circular 285/2013.

The company offers assistance in the implantation of the GDPR (General Data Protection Regulation). The approach proposed by Tema considers GDPR compliance an objective that must necessarily be developed with continuity and planning skills, as well as with the appropriate skills. The fundamentals of accountability, privacy "by default & by design" and the management and communication of data breaches lead to the definition of compliance as process development rather than closed service.

As recommended by the Control Authorities, a multidisciplinary support is proposed, developed by professionals from the legal, internal control and IT sectors, to ensure that the compliance objective, both in terms of initial adaptation and ordinary operations, is developed, shared and applied by all internal functions and external partners.

The methodology consists of three distinct phases:

1. Analysis and design

2. Adaptation

3. Monitoring and updating

The review may extend to the assessment of the compliance of governance and operational models and to the analysis of regulatory profiles relating to operational structures and financial products dealt with customers.