| Country Manuals Credits – We would like to inform you that BRP has established a new COUNTRY MANUALS CREDITS for the following jurisdictions: ITALY OUT OF EEA (RT)ITALY OUT OF CREDIT INSTITUTION’S COUNTRY OF ESTABLISHMENT (RT) ITALY OUT OF EEA Regulatory Template Based on an evolving interpretation of the legislative framework by Italian courts in Italy, we updated the section on general good provisions. In particular, this change is aimed to clarify the scope of application of the mandatory rules on pledging. ITALY OUT OF CREDIT INSTITUTION’S COUNTRY OF ESTABLISHMENT Based on an evolving interpretation of the legislative framework by Italian courts in Italy, we updated the section on pledging of securities listed in the target country. In particular, this update is aimed to indicate the overriding conflicting provisions on pledging.
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