The Bank of Italy published a notice on changes to Italy’s gold market framework introduced by Legislative Decree No. 211 of 10 December 2024, in force since 17 January 2025, which transfers responsibilities for Professional Gold Operators (OPO) from the Bank of Italy to the Body of Agents and Brokers (OAM). The amendments, adopted as part of the alignment of national rules with Regulation (EU) 2018/1672 on controls on cash, designate OAM as the authority responsible for verifying that OPOs meet the requirements set out in Law No. 7/2000. The decree also requires OAM to establish a dedicated register by 17 April 2025, in which operators meeting the Law No. 7/2000 requirements must be enrolled.
Bank of Italy 2025-03-20
Bank of Italy outlines decree transferring professional gold operator oversight to OAM and mandating a new register
The Bank of Italy announced changes to Italy’s gold market framework under Legislative Decree No. 211, effective 17 January 2025, transferring oversight of Professional Gold Operators (OPO) to the Body of Agents and Brokers (OAM). OAM is now responsible for ensuring OPO compliance with Law No. 7/2000 and must establish a dedicated register by 17 April 2025. These changes align national rules with Regulation (EU) 2018/1672 on cash controls.