Aggregated News From Investment Management Regulators

Italy

Abusive financial services: Consob blacks out 5 abusive websites

Consob has ordered the blackout of 5 new websites that abusively offer financial services.

Abusive financial services: Consob blacks out 5 abusive websites

Consob has ordered the blackout of 5 new websites that abusively offer financial services.

Securities and Financial Ombudsman (ACF): record of compensation to savers in 2021 – The percentage of compliance by intermediaries is close to 97% –...

A record 2021 for the compensation awarded to savers by the Securities and Financial Ombudsman (ACF), the out-of-court settlement body for disputes between intermediaries and their customers, established at Consob. With 35.88 million euros that returned to savers' pockets, a new high was reached last year compared to the 28.9 and 15.77 million euros paid back in 2020 and 2019 respectively. The total amount of compensations decided by the Securities and Financial Ombudsman in its first five years of operation thus rises to 120 million euros.

Abusive financial services: Consob blacks out 7 abusive websites

Consob has ordered the blackout of 7 new websites that abusively offer financial services.

Abusive financial services: Consob blacks out 28 abusive pages/Internet websites reported by the Finance Police – A joint task force is underway

Consob has ordered the blackout of 28 new pages/websites that abusively offer financial services. The intervention is the result of a report received by Consob from the Finance Police.

The Italian Stock Exchange puts the pandemic effect behind it – Market indicators show a strong recovery in the first half of 2021 –...

The ratio between market capitalization and GDP is growing, returning to the pre-pandemic level. Equity investments increase, while the volume of investments in government bonds decreases. The number of listed companies rises; the profitability of financial and non-financial companies is clearly improving.

The Commissioner Carmine Di Noia from February 2022 will head the OECD Financial Affairs Department – He leaves the post at Consob

As of next 16 February, the Consob Commissioner Carmine Di Noia will take on the role of Director of the Directorate for Financial and Enterprises Affairs (https://www.oecd.org/daf/) at the Organization for Economic Cooperation and Development - OECD, based in Paris.

Application of the new regime for the acquisition of KID PRIIPs and structured data pursuant to Consob Resolutions 21639 and 21640 of 15 December...

On 15 December 2020, new methods of access to documents containing key information, the so-called KIDs of PRIIPs - pre-assembled retail and insurance investment products - were defined and the obligation to make information and structured data relating to PRIIPs marketed in Italy accessible to Consob was established (Resolutions no. 21639 and no. 21640 of 15 December 2020).

Abusive financial services: Consob blacks out 7 abusive websites

The Authority availed itself of the powers deriving from the "Growth Decree" (Law no. 58 of 28 June 2019, Article no. 36, paragraph 2-terdecies), relating to the blackout of the sites of abusive financial intermediaries, as well as of the power introduced by the Law no. 8 of 28 February 2020 (Article no. 4, paragraph 3-bis), with reference to the blackout of the site through which the abusive offer is carried out.

Securities and Financial Ombudsman (Acf) – President Barbuzzi confirmed in office for five years

The Commission has decided to renew for a second term the appointment of Gianpaolo Barbuzzi as President of the Securities and Financial Ombudsman (Acf), the out-of-court resolution body for disputes between intermediaries and savers, established at Consob.

Abusive financial services: Consob blacks out 5 abusive websites

Consob has ordered the blackout of 5 new websites that abusively offer financial services.

Abusive financial services: Consob blacks out 5 abusive websites

Consob has ordered the blackout of 5 new websites that abusively offer financial services.

Regulator Information

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This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content...

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