An implementing regulation governs the oversight activity performed by the Bank of Italy pursuant to Article 146 of the Consolidated Law on Banking. The Bank of Italy has revised the provisions governing the oversight of retail payment services and systems, in light of market developments and of the regulatory framework at European level. With the new Regulation of 9 November 2021, the scope of application has been broadened to encompass large-value payment systems and technological or network infrastructures.
The Regulation is complemented by a Guide for controls and Measures on business continuity.
