Instructions for the reporting of average overall effective rates (TEGMs) and related provisions

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Administrative provisions by the Italian Ministry of Economy and Finance MEF

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These instructions are addressed to banks and financial institutions registered under Article 106 of the Consolidated Law on Banking (TUB).

The requirements referenced here have been in force since the reporting of the average overall effective rates (TEGMs) for Q4 2016. The TEGMs reported by banks and financial institutions on the basis of these provisions have been made available by the MEF since the publication of the decree for the Q2 2017.