The Bank of Italy will simplify the supervisory rules. The timetable for the launch of funds will be shortened by broadening the range of cases in which the approval of fund rules is rapid or automatic. Hedge funds and funds reserved to qualified investors, which have high minimum investment requirements, will be allowed the greatest possible operational autonomy.
As of March 31, 2022, participating banks and electronic money issuers registered with PESONet stood at 96, while that with InstaPay totaled 66. Likewise, the digital payment streams of the National QR Code Standard, or QR Ph, has expanded to cover person-to-merchant and person-to-person payments. We are also broadening the use cases for three digital payment streams this year.