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Current Italian legislation considers Poste Italiane in the same category as banks in terms of supervision and disclosure processes, establishing that the activities of BancoPosta (laid down in the Presidential Decree n. 144 dated September 2001) must comply with the rules contained in the current Banking Law and Financial Law which regulate the operations of banks, brokerage companies and other accountable intermediaries.

As stated in the Banking Law, while taking into account specific operative and legislative conditions, BancoPosta’s Assets are subject to the Bank of Italy’s Circular n. 285, which establishes the prudential supervision procedures applied to banks.

In compliance with current regulations, BancoPosta ensures that internal documentation regarding the following subjects are available for disclosure to the public:
  • BancoPosta assets, whose functional rules are listed in the BancoPosta Regulations;
  • Basel 3, Third Pillar – Public Disclosure, especially in terms of public disclosure obligations concerning governance structures, the composition of regulatory capital, the adequacy of company capital, risk exposure and the general features of relative management and supervision systems.
By resolution of the Extraordinary General Meeting of Shareholders of Poste Italiane S.p.A. held on 14 April 2011, Bancoposta’s Ring-Fenced Capital was formally created to guarantee the activities of BancoPosta as established by Italian Presidential Decree no. 144 of 14 March 2001.

This capital was established in compliance with Banca d’Italia’s rules on prudential supervision and as a guarantee for obligations assumed in the operations of BancoPosta.

The organization, management and control rules governing the functioning of BancoPosta’s Ring-Fenced Capital are contained in the “Regolamento del Patrimonio BancoPosta” (“BancoPosta’s Ring-Fenced Capital Regulations”), originally approved by the Poste Italiane Shareholders' Meeting of April 14, 2011 and subsequently amended by the Extraordinary Shareholders' Meeting of May 29, 2018.

BancoPosta complies with banking regulations concerning “public disclosure” as laid down in the Bank of Italy’s Circular n° 285, “Prudential Supervisory Provisions for Banks.”

The document “Basel 3, Third Pillar – Public Disclosure”, intended for market use, aims to integrate the Minimum Capital Requirements (First Pillar) with the processes of Prudential Supervision (Second Pillar), reinforcing market discipline through the introduction of a series of transparent disclosure requisites that make it possible for operators to access fundamental information on the risk profiles of various banking entities and on the measures they employ for identifying, analysing and dealing with risks.

These issues are directly regulated by EU Regulation n° 575/2013 (CRR - Capital Requirement Regulation) and its enforcement measures, contained in technical regulation or implementation rules drawn up by the European Commission to discipline specific sectors and issues.