Gian Luca Trequattrini al convegno "Le nuove frontiere della consulenza finanziaria dal 2016 al 2026"

The provided text does not announce new binding rules or deadlines, so near-term regulatory change risk is limited. However, speeches by the Vice Director General can signal supervisory priorities and expectations. For compliance teams, the practical message is to keep advice and distribution arrangements under review, including suitability and appropriateness assessments, conflict management, inducements, product governance, third-party distribution chains, and clarity of client communications.

Firms should consider whether digital, hybrid and open-architecture advice models are governed consistently with existing investor-protection requirements and whether adviser oversight and records remain robust. Recommended action: monitor the full speech for specific supervisory expectations, refresh gap assessments against current conduct rules, and strengthen monitoring of distribution arrangements and adviser conduct. Reputational and conduct risk can rise if distribution models outpace controls.

Firms with strong governance may use the debate to differentiate through transparent, well-documented advice and distribution practices.