PIRO: Istituzione e disciplina dei fondi di investimento mobiliare chiusi

This procedure concerns the establishment and regulation of closed-end real estate investment funds (PIRO) in Italy. It aims to create a clear legal framework for these investment vehicles to ensure financial stability and transparency in the real estate market. This affects institutional investors, fund managers, and real estate developers operating in Italy by defining the rules for managing and distributing these specific types of investment funds.