Related Parties & Associated Persons
Procedures for the management of Transactions with Related Parties and Associated Persons
The Board of Directors of UniCredit of the 13th March 2017 approved, with the prior positive opinions of the Related Parties and Equity Investments Committee and of the Board of Statutory Auditors, the revisions of the "Global Policy for the management of transactions with persons in conflict of interest".
In the Global Policy, the "persons in conflict of interest" are identified as:
- related parties pursuant to CONSOB Regulation 17221/2010; and
- associated persons pursuant to Bank of Italy Circular 263/2006 (Title V, Chapter 5)
who, jointly considered, are the "Combined Perimeter" of the related parties and associated persons of the Banking Group. The Bank Officers pursuant to article 136 of the Legislative Decree 385/1993 - whose provisions are only meant for the Italian banks of the banking Group - are also included within the "persons in conflict of interest".
The Global Policy systematically defines the rules and principles to comply with for the control of risk arising from situations of possible conflict of interest pursuant to the mentioned regulations, unifying in a single document the provisions related parties and associated persons.