To embed, copy and paste the code into your website or blog: Article 22 of Law Decree No. 183 of 31 December 2020 (the so-called “Milleproroghe Decree”) allows certain regulated firms based in the United Kingdom to continue operating in Italy for six months post-Brexit to a limited extent and provided that certain conditions are met. The Milleproroghe Decree entered into force on 1 January 2021 and shall be converted into law within the following 60 days. The Milleproroghe Decree provides for a domestic transition period of six months, starting from 1 January 2021, during which the following UK entities: i.UK banks; ii.UK e-money institutions with a branch in Italy; and