{"id":5601,"date":"2020-02-22T15:50:09","date_gmt":"2020-02-22T14:50:09","guid":{"rendered":"https:\/\/mazzalex.com\/?p=5601"},"modified":"2020-02-22T15:54:51","modified_gmt":"2020-02-22T14:54:51","slug":"financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob","status":"publish","type":"post","link":"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/","title":{"rendered":"Financial, So-called Rolling model for managing hyper-dilutive capital increases, Consob"},"content":{"rendered":"

Communication no. 0088305 of 05 October 2016<\/p>\n

Resolution no. 19654 of July 5, 2016<\/p>\n

Consob launched a public consultation on 10 February 2020 relating to the periodic review of the provisions concerning the so-called rolling model for managing capital increases.<\/p>\n

The consultation follows Communication no. 0088305 of 05 October 2016, with which the Commission had established the entry into force of the rolling model on 15 December 2016, dictating specific recommendations to intermediaries, issuers and investors, aimed at facilitating its correct functioning.<\/p>\n

The rolling model applies only to hyper-dilutive capital increases and its application has made it possible to avoid price anomalies recorded – in the past – during similar capital increases.<\/p>\n

In Communication no. 0088305, in particular, decided to submit the rolling model to a three-year review, pursuant to article 8 of the Regulation concerning the procedures for the adoption of general regulatory acts (resolution no. 19654 of 5 July 2016), evaluating the suitability to “achieve the objectives pursued in relation to the overall burden of the regulatory framework.”<\/p>\n

The consultation document is structured in four paragraphs, in which they are described respectively:<\/p>\n

(1) hyper-dilutive capital increases;<\/p>\n

(2) the rolling model;<\/p>\n

(3) the concrete application of the model;<\/p>\n

(4) and some questions are asked about the rolling model.<\/p>\n

February 17, 2020<\/p>\n

Consob Source<\/p>\n","protected":false},"excerpt":{"rendered":"

Communication no. 0088305 of 05 October 2016 Resolution no. 19654 of July 5, 2016 Consob launched a public consultation on 10 February 2020 relating to the periodic review of the provisions concerning the so-called rolling model for managing capital increases. The consultation follows Communication no. 0088305 of 05 October 2016, with which the Commission had established the entry into force of the rolling model on 15 December 2016, dictating specific recommendations to intermediaries, issuers and investors, aimed at facilitating its correct functioning. The rolling model applies only to hyper-dilutive capital increases and its application has made it possible to avoid…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[223],"tags":[],"yoast_head":"\nFinancial, So-called Rolling model for managing hyper-dilutive capital increases, Consob - Studio Legale Mazza<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial, So-called Rolling model for managing hyper-dilutive capital increases, Consob - Studio Legale Mazza\" \/>\n<meta property=\"og:description\" content=\"Communication no. 0088305 of 05 October 2016 Resolution no. 19654 of July 5, 2016 Consob launched a public consultation on 10 February 2020 relating to the periodic review of the provisions concerning the so-called rolling model for managing capital increases. The consultation follows Communication no. 0088305 of 05 October 2016, with which the Commission had established the entry into force of the rolling model on 15 December 2016, dictating specific recommendations to intermediaries, issuers and investors, aimed at facilitating its correct functioning. The rolling model applies only to hyper-dilutive capital increases and its application has made it possible to avoid...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/\" \/>\n<meta property=\"og:site_name\" content=\"Studio Legale Mazza\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-22T14:50:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-22T14:54:51+00:00\" \/>\n<meta name=\"author\" content=\"mazza\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Mazzalexstudio\" \/>\n<meta name=\"twitter:site\" content=\"@Mazzalexstudio\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mazza\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/\"},\"author\":{\"name\":\"mazza\",\"@id\":\"http:\/\/mazzalex.internet-idee.net\/#\/schema\/person\/731fd74080aa9fce36c989512a0171c7\"},\"headline\":\"Financial, So-called Rolling model for managing hyper-dilutive capital increases, Consob\",\"datePublished\":\"2020-02-22T14:50:09+00:00\",\"dateModified\":\"2020-02-22T14:54:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/\"},\"wordCount\":200,\"publisher\":{\"@id\":\"http:\/\/mazzalex.internet-idee.net\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/\",\"url\":\"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/\",\"name\":\"Financial, So-called Rolling model for managing hyper-dilutive capital increases, Consob - Studio Legale Mazza\",\"isPartOf\":{\"@id\":\"http:\/\/mazzalex.internet-idee.net\/#website\"},\"datePublished\":\"2020-02-22T14:50:09+00:00\",\"dateModified\":\"2020-02-22T14:54:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mazzalex.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial, So-called Rolling model for managing hyper-dilutive capital increases, Consob\"}]},{\"@type\":\"WebSite\",\"@id\":\"http:\/\/mazzalex.internet-idee.net\/#website\",\"url\":\"http:\/\/mazzalex.internet-idee.net\/\",\"name\":\"Studio Legale Mazza\",\"description\":\"\",\"publisher\":{\"@id\":\"http:\/\/mazzalex.internet-idee.net\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"http:\/\/mazzalex.internet-idee.net\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"http:\/\/mazzalex.internet-idee.net\/#organization\",\"name\":\"Studio Legale Mazza\",\"url\":\"http:\/\/mazzalex.internet-idee.net\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\/\/mazzalex.internet-idee.net\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/mazzalex.com\/wp-content\/uploads\/2017\/11\/logo.jpg\",\"contentUrl\":\"https:\/\/mazzalex.com\/wp-content\/uploads\/2017\/11\/logo.jpg\",\"width\":192,\"height\":193,\"caption\":\"Studio Legale Mazza\"},\"image\":{\"@id\":\"http:\/\/mazzalex.internet-idee.net\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/Mazzalexstudio\",\"https:\/\/www.linkedin.com\/in\/avv-roberto-mazza-742145151\/\",\"https:\/\/www.youtube.com\/channel\/UCovWroTPUARTm1797nKwY8A\"]},{\"@type\":\"Person\",\"@id\":\"http:\/\/mazzalex.internet-idee.net\/#\/schema\/person\/731fd74080aa9fce36c989512a0171c7\",\"name\":\"mazza\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\/\/mazzalex.internet-idee.net\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/23793ff27b35f644e9a7b927a702b798?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/23793ff27b35f644e9a7b927a702b798?s=96&d=mm&r=g\",\"caption\":\"mazza\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Financial, So-called Rolling model for managing hyper-dilutive capital increases, Consob - Studio Legale Mazza","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/","og_locale":"en_US","og_type":"article","og_title":"Financial, So-called Rolling model for managing hyper-dilutive capital increases, Consob - Studio Legale Mazza","og_description":"Communication no. 0088305 of 05 October 2016 Resolution no. 19654 of July 5, 2016 Consob launched a public consultation on 10 February 2020 relating to the periodic review of the provisions concerning the so-called rolling model for managing capital increases. The consultation follows Communication no. 0088305 of 05 October 2016, with which the Commission had established the entry into force of the rolling model on 15 December 2016, dictating specific recommendations to intermediaries, issuers and investors, aimed at facilitating its correct functioning. The rolling model applies only to hyper-dilutive capital increases and its application has made it possible to avoid...","og_url":"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/","og_site_name":"Studio Legale Mazza","article_published_time":"2020-02-22T14:50:09+00:00","article_modified_time":"2020-02-22T14:54:51+00:00","author":"mazza","twitter_card":"summary_large_image","twitter_creator":"@Mazzalexstudio","twitter_site":"@Mazzalexstudio","twitter_misc":{"Written by":"mazza","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/#article","isPartOf":{"@id":"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/"},"author":{"name":"mazza","@id":"http:\/\/mazzalex.internet-idee.net\/#\/schema\/person\/731fd74080aa9fce36c989512a0171c7"},"headline":"Financial, So-called Rolling model for managing hyper-dilutive capital increases, Consob","datePublished":"2020-02-22T14:50:09+00:00","dateModified":"2020-02-22T14:54:51+00:00","mainEntityOfPage":{"@id":"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/"},"wordCount":200,"publisher":{"@id":"http:\/\/mazzalex.internet-idee.net\/#organization"},"articleSection":["News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/","url":"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/","name":"Financial, So-called Rolling model for managing hyper-dilutive capital increases, Consob - Studio Legale Mazza","isPartOf":{"@id":"http:\/\/mazzalex.internet-idee.net\/#website"},"datePublished":"2020-02-22T14:50:09+00:00","dateModified":"2020-02-22T14:54:51+00:00","breadcrumb":{"@id":"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/mazzalex.com\/en\/financial-so-called-rolling-model-for-managing-hyper-dilutive-capital-increases-consob\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mazzalex.com\/en\/"},{"@type":"ListItem","position":2,"name":"Financial, So-called Rolling model for managing hyper-dilutive capital increases, Consob"}]},{"@type":"WebSite","@id":"http:\/\/mazzalex.internet-idee.net\/#website","url":"http:\/\/mazzalex.internet-idee.net\/","name":"Studio Legale Mazza","description":"","publisher":{"@id":"http:\/\/mazzalex.internet-idee.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/mazzalex.internet-idee.net\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"http:\/\/mazzalex.internet-idee.net\/#organization","name":"Studio Legale Mazza","url":"http:\/\/mazzalex.internet-idee.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/mazzalex.internet-idee.net\/#\/schema\/logo\/image\/","url":"https:\/\/mazzalex.com\/wp-content\/uploads\/2017\/11\/logo.jpg","contentUrl":"https:\/\/mazzalex.com\/wp-content\/uploads\/2017\/11\/logo.jpg","width":192,"height":193,"caption":"Studio Legale Mazza"},"image":{"@id":"http:\/\/mazzalex.internet-idee.net\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/Mazzalexstudio","https:\/\/www.linkedin.com\/in\/avv-roberto-mazza-742145151\/","https:\/\/www.youtube.com\/channel\/UCovWroTPUARTm1797nKwY8A"]},{"@type":"Person","@id":"http:\/\/mazzalex.internet-idee.net\/#\/schema\/person\/731fd74080aa9fce36c989512a0171c7","name":"mazza","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/mazzalex.internet-idee.net\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/23793ff27b35f644e9a7b927a702b798?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/23793ff27b35f644e9a7b927a702b798?s=96&d=mm&r=g","caption":"mazza"}}]}},"_links":{"self":[{"href":"https:\/\/mazzalex.com\/en\/wp-json\/wp\/v2\/posts\/5601"}],"collection":[{"href":"https:\/\/mazzalex.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mazzalex.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mazzalex.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mazzalex.com\/en\/wp-json\/wp\/v2\/comments?post=5601"}],"version-history":[{"count":3,"href":"https:\/\/mazzalex.com\/en\/wp-json\/wp\/v2\/posts\/5601\/revisions"}],"predecessor-version":[{"id":5604,"href":"https:\/\/mazzalex.com\/en\/wp-json\/wp\/v2\/posts\/5601\/revisions\/5604"}],"wp:attachment":[{"href":"https:\/\/mazzalex.com\/en\/wp-json\/wp\/v2\/media?parent=5601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mazzalex.com\/en\/wp-json\/wp\/v2\/categories?post=5601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mazzalex.com\/en\/wp-json\/wp\/v2\/tags?post=5601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}