After Hong Kong's assault on the London Stock Exchange (rejected, but only for now), the government embraces shield for protect Mts and Borsa Italiana, controlled by the London Stock Exchange. The next Council of Ministers will be approved a decree to modify and make the golden power immediately activable, the special power that the State can exercise over companies active in strategic sectors.
Le financial infrastructure they are already among those considered strategic, but the 2017 legislation provided for the creation of a list of individual assets to be protected which was never drawn up. The Asian blitz on LSE has therefore shown that at the moment Italy would not be able to protect its main markets, for which the Government has decided to take measures by inserting an ad hoc regulation in the first available decree, the one on cybersecurity.
The new rule - according to the draft anticipated by MF - provides that, until the new regulations to identify the assets covered by the golden power have entered into force, is subject to prior notification "the purchase for any reason, by subjects outside the EU, of shareholdings in companies that hold significant assets".
It will also be extended the range of action of the golden power, which will come to include new sectors such as water, health, media, aerospace and electoral infrastructures, robotics, artificial intelligence, energy storage technologies, semiconductors, biotechnologies, nanotechnologies, food security and others.
Hong Kong's attack on London has also led to dusting off an idea left in the drawer at the time of a Gentiloni government. That of a decree for “make the city of Milan the financial center of the Eurozone” within a business district with favorable taxation (approved by the EU) and an active business environment. All under the supervision of a government commissioner.
