Italy - Italian Financial Transaction Tax Implications of the Evolving Regulatory Landscape: The Exemption for Market Makers
- V. Salvadori di Wiesenhoff
- Derivatives & Financial Instruments, 2018 (Volume 20), No 1
- 22 December 2017
This article outlines the interrelations between the exemption for market making activities under the Short Selling Regulation, as interpreted by the European Securities and Markets Authority (the ESMA), and the Italian financial transaction tax exemption available for market makers.