Investment Fund Market Guide – Italy
Key features (Register market)
Yes/No | Remarks | |
Settlement free of payment | Yes | |
Settlement against payment | Yes | Refer to CBL’s Eligible currencies and the fund currency specified in fund prospectus. |
Disclosure Requirements | Yes | Refer to Disclosure Requirements – Investment Funds – Italy. |
Restrictions on client | Yes | |
Restrictions on settlement | No |
Remarks | |
Market type / link type (Settlement link) | Register / CSD market |
Eligible fund types / legal forms in CBL | Under Italian law collective investment schemes can be set up in the following legal forms:
Register market:
CSD linka: CSD or Domestic link eligible investment funds. |
a. Please refer to the Market Link Guide - Italy for more details about funds on CSD link.
Eligible fund types in CBL
Register market
The following types of Italian investment funds are eligible in Clearstream Banking:
- Open-ended mutual funds (fondi comuni di investimento “aperti”) under The Italian Consolidated Financial Act and secondary legislation, including Ministry of Economy and Finance Decree No. 30/2015 (Decree 30/2015).
- Private Equity Funds (AIFs) under Decree 30/2015.
- Hedge Funds (AIFs) under Decree 30/2015.
- Real Estate Investment Trusts (REIFs) under Decree 30/2015.