Marco Penna

Practice Areas

Marco Penna coordinates the Financial Intermediaries Regulations Department and has extensive experience regarding banking regulation, with particular focus on banking & finance law. He regularly assists clients on the regulatory capital of banks and financial intermediaries incorporated under Article 106 of the Italian Banking Act, as well as on banking governance and transparency also in the payment services sector. He also provides assistance in the field of investment services, rules of conduct and off-premises offerings. He regularly deals with regulatory aspect related to M&A transactions in the banking, payments and asset management sectors, as well as in relation to the establishment of regulated entities.

Career

Partner in Legance since 2018. Previously Senior Counsel in Legance Milan office (2016 – 2018), Counsel in Legance (2011 – 2015). Before Associate in Legance (2002 – 2010). From 2001 to 2002 he was Assistant Professor in Italian Civil Procedure, at Università degli Studi di Ferrara, Ferrara, Italy.

Professional Memberships

Member of the Milan Bar (Italy), since 2005.

Publications

He is the author of articles published in Italian legal reviews and has been speaker in different occasion at conferences and seminars. Among others:

- Chapter “Italy” in “Capital Markets: Derivatives”, Chambers and Partners, September 2024;

- Chapter “Italy” in “Fintech”, Panoramic - Lexology, August 2024;

- Chapter “Italy” in “Financial Services Compliance”, Lexology - Getting The Deal Through, April 2022;

- Chapter “Italy” in “Fintech Country Comparative Guide”, The Legal 500, November 2021;

- Chapter “Italy” in “Blockchain 2021”, Global Practice Guides, Chambers and Partners, June 2021;

- Chapter “Italy” in “Financial Services Compliance”, Lexology - Getting The Deal Through, March 2021;

- Chapter “Italy” in “Fintech Country Comparative Guide”, The Legal 500, November 2020;

- Chapter “Italy” in “Financial Services Compliance”, Lexology - Getting The Deal Through, April 2020;

- Chapter “Italy” in “Fintech”, Global Legal Insights, August 2019;

- Chapter “Italy” in “Risk and Compliance”, Getting The Deal Through, April 2019;

- Chapter “Italy” in “Banking Regulation”, Global Legal Insights, March 2019;

- Chapter “Italy” in “Financial Services Compliance”, Getting The Deal Through, March 2019;

- “Diritto degli intermediari e dei mercati finanziari”, Sfameni – Giannelli, Egea, Milan, 2018;

- Chapter “Italy” in “Risk and Compliance”, Getting The Deal Through, 2017;

- “Alcune tipologie particolari di contratti di outsourcing”, (edited by) Paolo Pototschnig, Gabriele Capecchi, Appalti privati e Outsourcing, Wolters Kluwer, Milanofiori Assago (MI), 2016;

- “Diritto degli intermediari e dei mercati finanziari”, Sfameni – Giannelli, Egea, Milan, 2015;

- “Diritto degli intermediari e dei mercati finanziari”, Sfameni – Giannelli, Egea, Milan, 2013;

- “MiFID II e regolamentazione dei mercati: continuità e innovazione”, Diritto 24, 29 March 2012.

Experience

Marco has been lecturer for the following masters:

- September – October 2020 - Master in “Tech Law & Digital Transformation”, II Edition, TopLegal Academy, Rome;

- 2019 – 2020 - “Diritto dei mercati finanziari”, Master in “Corporate and Real Estate Finance – MACREF VII”, Università LUM “Jean Monnet”, Bari;

- 2018 – 2019 - “Diritto dei mercati finanziari”, Faculty of Economics, Università LUM “Jean Monnet”, Bari.

- 2019 - Collaboration, through the Fondazione ResPublica, with the Ministry for European

Affairs for the drafting of a regulatory framework on fintech, to be included in the

so-called Decreto Crescita. We have been involved through, among others, the participation in the consultation launched by the Ministry of Economy and Finance, in view of the forthcoming publication of a ministerial regulation implementing the aforementioned regulatory framework.