What is CONSOB? CONSOB Review, Features

CONSOB (Italian Financial Market Supervisory Authority) Regulating the financial markets in Italy, Italian Forex brokers fall under the category of Investment Firms (SIM).

About CONSOB

CONSOB ensures market transparency and compliance with regulations by financial market participants; ensures the completeness and accuracy of information disclosed by listed companies to the investing public; provides the investing public with accurate and complete prospectuses of transferable securities; monitors compliance by auditors in the Special Register; and monitors and investigates potential insider trading and market manipulation violations.

There are more than 65 local investment companies supervised by CONSOB in Italy. In terms of investment protection, for enterprises that meet the bankruptcy liquidation standards, the Italian Ministry of Finance will initiate bankruptcy liquidation within 60 days, with a maximum compensation of 20,000 euros (about 150,000 yuan).

License Application

Personnel requirements: Financial background and integrity requirements for audit members of Italian investment companies

1. Audit members of Italian investment companies must have at least three years of experience in the following fields:

2. Serve as a director, audit committee member or senior executive of a company;

3. Engage in professional activities related to investment companies, credit, finance, securities or insurance industries;

4. The university major is law or economics;

5. Work in a public entity or government department in the credit, finance, securities or insurance sectors, or hold an executive or management position in other sectors involving economics and financial management;

6. The chairman of the board of directors must have at least 5 years of relevant financial experience;

7. Managing Directors and General Managers must have at least five years of professional credit, finance, securities or insurance experience.