Related parties operations

A policy for protecting the transparency and fairness of transactions with related parties carried out by the Group both directly and through its subsidiaries.

The Procedure for the performance of transactions with related parties (the "Procedure"), prepared pursuant to Article 4 of Consob Regulation No. 17221 dated 12 March 2010 as subsequently amended (the "Regulation"), initially approved on 30 November 2010, was recently updated by the Board of Directors of UnipolSai Assicurazioni S.p.A., with the prior consent of the Committee of Independent Directors, on 3 August 2016, effective as of the same date.

The purpose of the procedure is to define, in compliance with the Regulation and also taking account of the instructions and guidelines expressed by Consob in its Communication dated 24 September 2014, a process aimed at ensuring greater transparency and fairness during the initial phase of negotiations and the approval of transactions with related parties performed by UnipolSai Assicurazioni S.p.A., directly or through its subsidiaries.