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Glossary

 

Borsa Merci Telematica Italiana /The Italian Online Commodities Exchange.
Regulated online market for agricultural, agro-energetic, agri-food and fish products and for logistics services, working through an Online Platform, accessible from remote locations;

Online Platform
Online infrastructure at national level with various dealing systems for negotiating on goods, commodities and logistics services;

Management Company
Organ of the BMTI which arranges, organizes and manages the Online Platform;

National Deputation  
Organ of the BMTI with supervision and general direction functions;

Chambers of Commerce
Chambers of Commerce, Industry, Craft and Agriculture, empowered to set up physical commodities exchanges, in accordance with Law no. 272 of March 20th 1913;

Unioncamere/Union of Chambers of Commerce 
The Italian Union of Chambers of Commerce, Industry, Craft and Agriculture, recognized legal entity of public law by the Presidential Decree of June 30th 1954, no. 709, and subsequent  amendments;
 
Intermediary Agents (Soggetti Abilitati all'Intermediazione - SAI)
Subjects enrolled in the list held by the National Deputation having the function of collecting and managing orders in the BMTI; Community investment company, distinct from a bank, authorised to perform investment services, having head office and general directorate in Italy or another member nation of the European Union.

EU Investment Company
A company, distinct from a bank, which is authorised to perform investment services, having its registered office in Italy or in another EU member State.

Non-EU Investment Company
A company, distinct from a bank, which is authorised to perform investment services, having its registered office in an non-EU State;

Investment Companies 
In Italian they are called "SIM", they are EU and non-EU investment companies;
 
"Società di Intermediazione Mobiliare" - Brokerage Company
A company, distinct from banks and financial intermediaries enrolled in the list set up in pursuance of art. 107 of  "T.U. bancario" (Consolidated Law on Banking), authorised to perform investment services, with a registered office and general directorate in Italy;


Testo Unico Bancario (T.U. bancario) - Consolidated Law on Banking
Legislative Decree no. 385 of September 1st 1993 and following amendments.

Markets
The online markets regulated by Product Special Regulations, and approved by the National Deputation on a proposal by the management Company;

General Regulation
The General Regulation of the BMTI, adopted in pursuance of Ministerial Decree 174/06 and following amendment, establishes the conditions, organisation and functioning of the BMTI , relating in particular to:

  • the organs of the BMTI the conditions and modes of admission to negotiations; 
  • activities of vigilance and control;
  • publication and dissemination of information and provisions.

 
Product Special Regulations
Regulatory documents indicating online negotiating conditions, the specific characteristics of the product, the payment conditions and delivery/collection and any other event or fact following closing of the contract which might have an effect on the implementation of the same.

Menu di sezione

Enter in the Market
National Deputation Chamber of Commerce