Supervisory contribution: the amounts established for the year 2019 are established. The Ivass provision which establishes terms and conditions of payment

Supervisory contribution: the amounts established for the year 2019 are established. The Ivass provision which establishes terms and conditions of payment

MILAN - With the usual notice at the end of August, the amount of the supervisory contribution for the year 2019 has been announced. In a note, the Supervisory Institute recalls that "the Minister of Economy and Finance, upon proposal of the IVASS, with a decree dated August 5, 2019, published in the Official Journal of the Italian Republic No. 192 of August 17, 2019, established the amount of the supervisory contribution to be paid by insurance and reinsurance companies and by company representatives based in a third country with respect to the European Union operating in the territory of the Republic. The payment of the balance and balance contribution must be made in the manner indicated on the Ivass site in the area dedicated to Operators / Companies / Supervisory Contribution through the PagoPA system ".

d) Section D - Italian banks, financial intermediaries, SIMs and Poste: banks with premiums equal to or greater than one hundred million euros and Italian Post offices: 10,000.00 euros; banks with premium income of 1 to 99.9 million euros: 8,170.00 euros; banks with premium income of less than one million euros, financial intermediaries and SIMs: 2,760.00 euros.

It should be remembered that for the purposes of paragraph 1, individuals who are registered in the Single Register of brokers (Rui) as of May 30, 2019 are required to pay the supervisory fee. Finally, as regards the terms and conditions for the payment of contributions, in attached the Ivass Provision.

* REPORT * for good order IVASS (as of 08.30.2019 at 16:03) published on its website the documents relating to the 2019 Supervisory Contribution only in the "companies" section, while in that "intermediaries" there are only those related to 2018!