Sanctions and Winding Up Directorate

The Directorate is responsible for all the sanctioning proceedings and requirements connected with winding-up procedures; in addition to that, it supervises over such procedures and examines the complaints filed against Italian undertakings and EEA undertakings licensed to carry on business in Italy under the right of establishment or the freedom of services and placed into winding up by their home Supervisory Authority.

Head of Directorate: Marcello Morvillo
(appointed by resolution no. 49/2019 of 27 June 2019)

Deputy Head of Directorate: Patrizia Di Benedetto
(appointed by resolution no. 49/2019 of 27 June 2019)

Number of staff: 32

Last update

20 November 2020

Sanction Division

In case of sanctioning proceedings started against insurance and reinsurance undertakings and anti-money laundering proceedings, it carries out preliminary investigations following the notification of the breach, examines the defences, holds hearings and proposes the application of the sanction or orders the dismissal of the proceeding.
In case of sanctioning proceedings started against insurance and reinsurance intermediaries other than anti-money laundering proceedings, it acts as the Guarantee Committee’s secretariat.

  1. Ciro Blandino Head (appointed by resolution no. 100/2019 of 12 December 2019)

Winding-up Division

It ensures that the requirements connected with the appointment, withdrawal and replacement of the bodies responsible for the winding up procedures are met, and it supervises over the latter by monitoring that the sorting out of liabilities, the liquidation of assets and the drawing up of allocation plans are carried out correctly and in compliance with the provisions of the law and with IVASS’ directives.
It examines the complaints proposed against undertakings in liquidation.
In relation to EEA undertakings licensed to carry on business in Italy under the right of establishment or the freedom to provide services placed into winding up, it maintains relations with the home supervisory authorities and the liquidators appointed by them, it examines the relevant complaints with a view to verifying the protection offered to Italian policyholders and third parties.

  1. Antonio Mannino Head (appointed by resolution no. 100/2019 of 12 December 2019)