Consob judged the 2011 consolidated and statutory financial statements of Premafin, FonSai and Milano Assicurazioni, as well as the 2011 consolidated financial statements and those for the first half of 2012 of Unipol not compliant with accounting standards. This was announced by the companies involved themselves, through press releases in which, while emphasizing that they do not share Consob's opinion, they provide the versions of the financial statements adhering to the parameters.
In any case, according to Unipol, which is contested for the method of recognition and measurement of some investments in "structured" debt securities, the preparation of financial statements in the manner prescribed by the supervisory authority would be without effects and consequences on the determination of the exchange ratios in the plan integrating the four companies.
As for Premafin, FonSai and Milano Assicurazioni, on the other hand, violations have been contested in the accounting of the claims reserves of the RCA class.
