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Regulator Performance Overview
500
84
52
182
3
1
Insurance coverage protecting client deposits and funds
Requirement for client funds to be held separately from company funds
High
Tier 2
SIM / MiFID Investment Firm
€50000-100000
Detailed assessment of regulatory capabilities and effectiveness
Detailed breakdown of the 6 key regulatory performance indicators
Value and prestige of licenses issued by this regulator
Effectiveness of regulatory framework and enforcement
This regulator shows good performance with an overall score of 84.
Strongest performance in Client Fund Insurance Rating
Transparency Level: high
Global Tier: tier2
Protection against negative account balances in trading
Access to qualified investment professionals and advisory services
Government-regulated
USA - North Korea - Iran - other sanctioned countries
Italy
Italy - EU - global (with exceptions)
USA - North Korea - Iran - other sanctioned countries
Retail Agency (STP); Market Maker (Principal); Provide Liquidity (PoP)
Online portal available
CONSOB Arbitration
1:30
3 instruments
Contact regulator for details
International Organization of Securities Commissions
Member of the global body that brings together the world's securities regulators
Access to international regulatory standards, cooperation frameworks, and best practices
Financial Action Task Force
Member of the inter-governmental body that sets standards for combating money laundering
Commitment to international standards for anti-money laundering and counter-terrorism financing
Institutional strength and organizational capability
Risk assessment and management protocols
Investor protection measures and safeguards
Client fund protection and insurance coverage
The Commissione Nazionale per le Società e la Borsa (CONSOB) is Italy's primary financial market regulator.As an independent public authority, it seeks to protect the interests of investors, provide a fair and transparent market, and ensure fairness in all business undertaken in the market.In this regard, it monitors the specifics of the Italian Stock Exchange, as well as the conduct of an intermediary, CONSOB, which is core to protecting the Italian financial system.
CONSOB was established in 1974 and commenced complete regulation in 1975.It ushered in a new era in the Italian financial landscape, when regulation and oversight of the market were removed from the authority of the Ministry of Finance and assigned to the independent body of CONSOB, thereby providing independence and standards of objective judgment. Over the years, CONSOB's powers expanded through various reforms, including further reforms in 1983, 1985, 1991, and again in 1998, when the TUF law was established.
Forex, Stocks, Derivatives
Brokers authorized and regulated by this authority
Australia
United Kingdom
Japan+10 more licenses
GermanyUnited Kingdom
Hong Kong+4 more licenses
Cyprus
Mauritius
United States+5 more licenses
MaltaGermany
France+1 more licenses
South AfricaCyprusUnited Kingdom+6 more licensesUnited KingdomCyprusGermany+3 more licensesUnited KingdomJapan
Italy+2 more licensesCyprusGermanyFrance+4 more licenses
Czech Republic
PolandItaly+2 more licenses
TurkeyGermanyCyprusUnited KingdomAustralia+9 more licensesItalyItaly
