Regulated Markets

The organization and operation of regulated markets for financial instruments is carried out by limited companies known as market management companies.

The operation of regulated markets has to be authorized by Consob.

Authorized Italian markets are entered in a list kept by Consob (Article 63.2 of Legislative Decree 58/1998).

Foreign markets recognized under Community law are entered in a special section of the list of authorized markets (Article 67.1 of Legislative Decree 58/1998).

Foreign markets other than those referred to above may be recognized by Consob under agreements concluded with its counterparts abroad (Article 67.2 of Legislative Decree 58/1998).

The list of both Italian and EU regulated markets is part of "registers and lists" section of Consob's bulletin, available on line as set up by Resolution nr. 15695 of 20 December, 2006.