Under Law 262/2005 for the protection of savings, the Bank of Italy must perform a regulatory impact analysis (RIA) to assess the costs and benefits of proposed regulations for the persons and entities concerned and must conduct a public consultation that allows those interested to make observations, comments and proposals. For an explanation of the general principles applicable to regulatory impact analysis within the Bank of Italy regulatory process and for more information on RIA methods and phases, see Circular no. 277 (only in Italian). The standards and procedures for conducting public consultations are set out in the Measure of 9 July 2019 (only in Italian). In addition, Law 262/2005 provides that legal instruments must explain their purpose and are subject to periodic revision.
The Bank of Italy's supervisory rules and regulations are published on this website and in the Gazzetta Ufficiale della Repubblica Italiana when they contain provisions aimed at persons and entities other than those subject to supervision.
