News of the week:
Watch for scams! Financial fraud: Consob blacks out 4 more abusive websites
Investor protection: the ESMA highlights how firms can improve disclosure of MiFid costs and charges
The ESMA issues a supervisory document on investment advice
Takeover bid by Abaco 3 Spa on Exprivia Spa shares: Consob approves the bid document
The British Authority introduces new rules for the marketing of cryptoassets
Investor protection warnings from other authorities

- COMMISSION DECISIONS - taken or made public during the week (all documents are available only in Italian

- NEWS OF THE WEEK -

Consob has ordered the black-out of 4 new websites that offer financial services illegally.

The commission availed itself of the new powers resulting from the "Decreto Crescita" ("Growth Decree"; Law no. 58 of 28 June 2019, Article 36, paragraph 2-terdecies), on the basis of which Consob can order internet service providers to block access from Italy to websites offering financial services without the proper authorisation.

Below are the sites Consob has ordered to be blacked out:

- "FP Europe" (website https://fpeurope.com and its page https://client.fpeurope.com);

- "PrimusForex" (website https://primusforex.net and its page https://panel.primusforex.net);

- "ProtechFx" (website www.protechfx.com and its page https://account.protechfx.com);

- "Trezocapital" (website www.trezocapital.net and its page https://webtrader.trezocapital.net).

The number of sites blacked out since July 2019, when Consob was given the power to order the black-out of websites of fraudulent financial intermediaries, has thus risen to 923.

The measures adopted by Consob can be consulted on the website www.consob.it.

The black-out of these websites by internet service providers operating on Italian territory is ongoing. For technical reasons, it can take several days for the black-out to come into effect.

Consob draws investors' attention to the importance of adopting the greatest diligence in order to make informed investment choices, adopting common sense behaviours, essential to safeguard one's savings: these include, for websites that offer financial services, checking in advance that the operator with whom you are investing is authorised, and, for offers of financial products, that a prospectus has been published.

To this end, Consob would remind you that there is a section on the homepage of its website www.consob.it entitled "Watch for scams!", providing useful information to warn investors against financially abusive initiatives.

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On 6 July 2023, the European Securities and Markets Authority (ESMA), regulator and supervisor of the European financial markets, published the Statement on its 2022 Common Supervisory Action (CSA) and on the mystery shopping exercise, established to assess compliance with the costs and charges disclosure requirements pursuant to the MiFID II.

The ESMA notes that - in general - firms comply with the ex-post costs and charges requirements under MiFID II, but that the degree of compliance may vary across Member States. However, the study identifies some shortcomings in the information provided to retail clients, suggesting improvements in both the format and content of the information. The main shortcomings concern:

- significant differences between firms and Member States in the format and content of ex-post information;

- different practices and - sometimes - lack of disclosure of information on inducements;

- the lack of disclosure to clients of implicit costs;

- lack of consistency in the way firms illustrate the cumulative impact of the costs and charges on the return of the investment;

- disclosure of cost data limited to nominal amounts and not to the corresponding percentages.

Together with the Common Supervisory Action (CSA), the ESMA coordinated and carried out the first mystery shopping exercise on ex-ante costs and charges information provided to retail clients. Mystery shoppers received information on costs and charges prior to the provision of the investment service, but with the quality and timing of the information varying from firm to firm.

Based on the insights from the CSA and the mystery shopping exercise, the ESMA will focus on the revision and development of new Q&As and on the definition of a possible standardised European format for the provision of information on costs and charges to clients. National competent authorities (NCAs) will in turn - if necessary - undertake follow-up actions on individual cases where regulatory breaches and other shortcomings have been identified.

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On 11 July 2023, the European Securities and Markets Authority (ESMA), regulator and supervisor of the European financial markets, published a paper on the definition of advice under MiFID II (https://www.esma.europa.eu/press-news/esma-news/esma-updates-its-guidance-definition-advice-supervisory-briefing).

The document is published in the form of a supervisory briefing and is primarily intended for use by the National Competent Authorities (NCAs) in their supervisory activities. It is also intended to provide guidance to firms.

With this paper, the ESMA revised and updated the Q&A published by the Committee of European Securities Regulators (CESR - the Authority which became the ESMA in 2011) on the definition of advice, already widely used by supervisory authorities and intermediaries, in order to align it with new business models and recent technological developments.

The supervisory briefing covers, inter alia, the following topics:

- the provision of personalised recommendations and whether other forms of presenting information (including the use of social media posts) may constitute investment advice;

- indications as to when recommendations can be deemed as based on consideration of the client's specific circumstances;

- issues related to the perimeter definition of the personal recommendation.

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Consob approved the document relating to the voluntary takeover bid promoted, pursuant to Articles 102 et seq. of Legislative Decree no. 58 of 1998, by Abaco 3 Spa on Exprivia Spa shares (resolution no. 22771 of 12 July 2023).

The offer is promoted, through the newly established vehicle Abaco 3, by the company that historically holds the control of the issuer, Abaco Innovazione Spa (Abaco), and is aimed at acquiring the remaining shares not held by Abaco and achieving the delisting of Exprivia from the listing on Euronext Milan.

The offer concerns 22,555,783 shares, representing 43.474% of the issuer's ordinary share capital as well as all the shares issued by Exprivia less: i) treasury shares held by the issuer, equal to 5,183,058 representing 9.99% of the ordinary share capital; ii) the shares already held by Abaco, directly and indirectly through the bidder, equal to 24,145,117 shares, representing 46.537% of the ordinary share capital and 67.590% of the voting rights, which can be exercised in the shareholders' meeting not counting the treasury shares in the capital and due to the increased voting rights.

The offer is promoted at a price of EUR 1.60 per share for an overall amount of EUR 36,089,252.80.

The period of adherence to the bid, agreed with Borsa Italiana Spa, will commence on 24 July 2023 and end on 4 September 2023, unless extended. Any reopening of the terms (applicable only in the event of a waiver of the Threshold Condition described below) will take place on 12, 13, 14, 15 and 18 September 2023.

The bidder is a Newco wholly owned by Abaco, a non-operating holding company that conducts its business through Exprivia, which Abaco has controlled since its incorporation (2006). Abaco's relative majority shareholder is Daniele Favuzzi, a director of the bidder and issuer, who holds 41.447% of its capital. Other relevant shareholders are Valeria Anna Savelli (18%), director of the issuer, and Dante Altamura (11%), deputy chairman.

The subjects to be qualified in concert with the bidder are:

Abaco, the controlling shareholder of Exprivia in which it holds, directly and indirectly, a majority stake (46.53% of the capital and 67.590% of the voting rights), and the direct parent company of Abaco 3;

Domenico Favuzzi and Valeria Anna Savelli, direct owners of Exprivia shares representing 0.611% and 0.013% of the capital, respectively, in their capacity as directors of Abaco (as well as of the issuer);

Filippo Giannelli, direct owner of Exprivia shares representing 0.048% of the capital.

Abaco contributed to the bidder - that did not hold any Exprivia shares - a majority shareholding of approximately 2.41% of the issuer's capital and 1.797% of the exercisable voting rights. The aforementioned contribution was executed on 11 July 2023 by subscription and full release of a paid-in capital increase pursuant to Article 2440 of the Italian Civil Code.

The bidder has specified that the purpose of the contribution is to rebalance the statement of assets and liabilities of Abaco 3, taking into account the amount of costs it will have to bear in connection with the bid.

Exprivia is the parent company of the group of the same name, active in the Information and Communication Technology sector.

The Exprivia group, operating directly in Italy, Spain and Germany, supports its customers in the sectors of Banking, Finance & Insurance, Telco & Media, Energy & Utilities, Aerospace & Defence, Manufacturing & Distribution, and the Healthcare and Public Sector, offering services based on customised software production, engineering and consulting services.

Exprivia was established in 2006 as a result of the merger of Abaco and AISoftw@re Spa, a company listed on the stock exchange at the time.

The only relevant shareholders of the issuer pursuant to Article 120 of the Consolidated Law on Finance (TUF) are the parent company Abaco which, as mentioned, holds, directly and against the contribution indirectly, through the bidder, 24,145,117 shares, representing 46.537% of the capital and 67.590% of the exercisable voting rights, and the issuer itself, which holds treasury shares representing 9.990% of the capital.

The offer is subject to the fulfilment of a number of conditions precedent, all of which can be waived, including:

The Threshold Condition and the Indebtedness Condition may only be waived with the prior written consent of the lending banks.

Since the purpose of the bid is obtaining the delisting upon the occurrence of the conditions set forth in Article 108, paragraph 2, of the Consolidated Law on Finance (TUF), the bidder will not restore a float sufficient to ensure the orderly trading of the shares.

In the event that the conditions for the delisting are not fulfilled as a result of the bid (including the possible extension of the subscription period or the possible reopening of the terms), the bidder, taking into account, inter alia, the final shareholding achieved in the issuer as a result of the bid, reserves the right to waive the Threshold Condition and, in such a case, in agreement with Abaco Innovazione, will propose to the competent corporate bodies of the issuer the direct merger.

If, on the other hand, the delisting is achieved as a result of the bid, the bidder, in agreement with Abaco Innovazione, shall propose to the competent corporate bodies of the issuer the merger of the bidder, as incorporated company, into the issuer, as incorporating company (the "Reverse Merger").

The issuer's statement, drawn up in accordance with Article 103, paragraph 3, of the Consolidated Law on Finance (TUF) and Article 39 of the Issuers' Regulation, accompanied by the opinion of the Independent Directors, is attached to the bid document.

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The UK Financial Conduct Authority (FCA) introduces new rules that will apply to all companies marketing cryptoassets to UK consumers.

The new rules are published at the following link: PS23/6: Financial promotion rules for cryptoassets | FCA.

As of 8 October 2023, cryptoassets will fall under the scope of application of the financial promotion/solicitation regime. The definition of financial promotion is broad and applies to a wide range of communications made by a company, including the website, mobile applications, social media posts and online advertising.

The scheme is also effective overseas. Financial promotions originating outside the United Kingdom which may, however, produce effects in the United Kingdom, fall within the scope of the Financial Promotions Regime. This applies even if the promotion is not aimed exclusively at British customers.

When the regime comes into effect, there will be four routes to promoting cryptoassets to UK consumers:

1. the promotion is carried out by an entity authorised by the FCA;

2. the promotion is carried out by an unauthorised person but approved by a person authorised by the FCA;

3. the promotion is made by a person in a cryptoasset business relationship registered with the FCA under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ("MLRs");

4. the promotion otherwise complies with the conditions of an exemption in the Financial Promotion Order.

Promotions that are not made using one of these routes will be in breach of Section 21 of the Financial Services and Markets Act 2000 (FSMA) and will be considered a criminal offence punishable by up to two years' imprisonment, the imposition of an unlimited fine, or both.

Promotions made through channels 1, 2 or 3 must comply with FCA rules. The rules for the financial promotion of cryptoassets are contained in document PS23/6 (PS23/6: Financial promotion rules for cryptoassets | FCA).

As regards cryptoassets, the Authority has adopted an approach consistent with that taken for other high-risk investments.

This requires firms to use specific risk warnings (with a 24-hour cooling-off/revocation period) in their investment journeys, in addition to the general requirement that offers made are fair, clear and not misleading.

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The supervisory authorities of the United Kingdom (Financial Conduct Authority - FCA), Spain (Comisión Nacional del Mercado de Valores - CNMV), Luxembourg (Commission de Surveillance du Secteur Financier - CSSF), Ireland (Central Bank of Ireland - CBI), Ontario (Ontario Securities Commission - OSC), New Zealand (Financial Markets Authority - FMA New Zealand), Poland (Polish Financial Supervision Authority - KNF), British Columbia (British Columbia Securities Commission - BCSC), Switzerland (Swiss Financial Market Supervisory Authority - FINMA), British Virgin Islands (British Virgin Islands Financial Services Commission - BVIFSC), Malta (Malta Financial Services Authority - MFSA), Hong Kong (Securities and Futures Commission - SFC), Gibraltar (Gibraltar Financial Services Commission - GFSC), Romania (Financial Supervisory Authority, Romania - FSA) and Japan (Financial Services Agency - Japan - FSA) report companies and websites that are offering investment services, as well as financial, banking and insurance services, without the required authorisations.

Reported by the Financial Conduct Authority (FCA) - United Kingdom:

• Alpha Capital & Equity Partners Llc (www.alphaceapllc.com);
• Nobank India Pvt / Nobank (email: siddukillerfish@icloud.com);
• Fortresscapital / Fortress-capitalfxpro.com (www.fortress-capitalfxpro.com);
• Cc Global Finance Limited (https://www.ccglobalex.com), clone of a licensed company;
• Fusione Trade (www.fusiontrade.co);
• Morris Capitals (www.morris-capitals.com);
• Eu Trader Go (www.eutradergo.io);
• Zugriff Investment Bank (www.zugriffinvestbank.com);
• Globalfx Miner (www.globalfxminer.com);
• Caravelle-Investments.com (www.caravelle-investments.com);
• Lgfx Global (www.lgfxglobal.com);
• Wealthstream.net (www.wealthstream.net);
• Bridge Gate Capital (https://bridgegatecapital.net);
• Interacinvestor (https://www.interacinvestor.com). Previously reported by the Ontario Securities Commission (OSC) – Ontario, (see "Consob Informa" no. 21/2023 of 12 June 2023);
• Eagleup Finance (https://eagleup.finance);
• Isa Investment (https://www.isa-investment.info);
• Coin Royal / Coin-royal.com (www.coin-royal.com);
• Crypto Asset Recovery (www.car-center.org);
• Riverside Financial Group (www.riverfingrp.com);
• Investgeo (https://investgeo.org);
• Capital Invest (https://capital-invest.world);
• Arrow Fin Solutions (https://arrowfinsolution.com);
• White Bull Safety (https://whitebullsafety.com);
• Mobatrade (www.mobatrade.com). Previously reported by The Dutch Authority for the Financial Markets, The Netherlands (AFM) - The Netherlands (see "Consob Informa" no. 16/2023 of 8 May 2023);
• Shaw Global Trade (https://shawglobaltrade.com);
• Debthelpcentres.co.uk (www.debthelpcentres.co.uk);
• Brisk Quid Finance (www.briskquidfinance.com);
• Wealth Finance / Wealthfinance.net (www.wealthfinance.co.uk);
• Gastrade Company / Gastrade.company (www.gastrade.company);
• Niketrade-fx.com (www.niketrade-fx.com);
• Zayanbusinessbvba.com (www.zayanbusinessbvba.com);
• Cryptotxtrade LTD (www.cryptotxtrades.com);
• Devicsonminers.ltd (www.devicsonminers.ltd);
• Moglax (www.moglax.com);
• Paxos-plus (www.paxos-plus.com);
• Global Expert / Globalexpert.online (www.globalexpert.online);
• Wm Global Forex (www.tradingpointuk.com), clone of a licensed company;
• Deus (www.deusfinancial.com);
• Diluxmoon (www.diluxmoon.com);
• Ultranovas (www.ultranovas.com);
• Veloxtrades (www.veloxtrades.net);
• Igenius Fx (www.igeniusfx.com);
• Skywave Bank (www.skywavebank.com);
• Fortnetstationservices Capital Group (www.fortnetstationservices.com);
• Swift-values.com (www.swift-values.com);
• Havil Access (www.havil-access.com);
• Multichain Insider (www.multichain-insider.com);
• Hse Trust (www.hsetrust.com);
• Bistroklub (www.bistroklub.com);
• Maxi Trust Miners Limited (www.maxitrustminers.com);
• Coin Top Fx (https://cointopfx.com);
• Vertex Prime (https://vertexprimes.com);
• Mj Coininvest Pro (www.coin-profitmax.com);
• Wise-Income Limited (www.wise-income.com);
• Merjes Group (wwwmerjesgroup.com, www.merjesgroup.pro, www.merjesgroup.tech);
• Ortextrade (https://ortextrade.com);
• Coin House (https://coinhousearbitrage.com);
• Bitaxis Capital (https://bitaxiscapitals.com9;
• Tradecare365 (www.tradecare365.com);
• Zenoxtrade Ltd (www.zenoxtrade.net);
• Accesotrondeoro (https://accesotrondeoro.com);
• Titangap (www.titangap.com);
• Sallix Capital (www.sallixcapital.com). Previously reported by the Financial Services and Markets Authority (FSMA) – Belgium (see "Consob Informa" no. 21/2023 of 12 June 2023);
• Capitalhub (www.capital-hub.io). Previously reported by the Alberta Securities Commission (ASC) – Alberta (see "Consob Informa" no. 23/2023 of 26 June 2023);
• Easychainfx (www.easychainfx.net);
• Financechainglob;
• Capitalswise (www.capitalswise.com);
• Creditor Tax Filings Limited (www.matrixfreedom.org, www.matrixfreedomreview.org, www.creditortaxassessments.com, www.cqvtrustees.com, www.creditortaxrebates.com, www.cqvtaxrebates.com);
• Londonbit (https://londonbit.co.uk);
• Vt Markets (www.vtmarkets.com);
• Maddex Capital (https://www.maddexcapital.com/);
• 2nd Chance Group Limited (www.your2ndchancegroup.com);
• Kievs Credit Union (www.kievscreditsunion.com);
• Cqv Tax Rebates Limited (www.matrixfreedom.org, www.matrixfreedomreview.org, www.creditortaxassessments.com, www.creditortaxrebates.com, www.cqvtrustees.com, www.cqvtaxrebates.com);
• Creditor Tax Assessments Limited (www.matrixfreedom.org, www.matrixfreedomreview.org, www.creditortaxassessments.com, www.creditortaxrebates.com, www.cqvtaxrebates.com, www.cqvtrustees.com);
• Creditor Tax Rebates Limited (www.matrixfreedom.org, www.creditortaxrebates.com, www.matrixfreedomreview.org, www.creditortaxassessments.com, www.cqvtaxrebates.com, www.cqvtrustees.com);
• Cs Holding (www.csholding.org/en) clone of a licensed company;
• Global Active Fxt / Globalactive Fxtrade (ttps://www.globalactivefxt.com);
• Sundell Limited (https://www.sundell-fx.com);
• Immediate Connect (www.immediate-connect.com, www.immediateconnect.org);
• Centrisfx (https://centrisfx.com);
• Swiss-trade.co (www.swiss-trade.co);
• Tradespeck (www.tradespeck.com);
• Orbit Gtm (www.orbitgtm-lite);
• Phoenixtb (www.phoenixtb.io);
• Handelex (www.handelex.com).

Reported by the Comisión Nacional del Mercado de Valores (CNMV) – Spain:

• So Fx Limited / Sofx Spain / So Capital (https://so-fx.com);
• Urbis Fx / Urbis Plus Llc (https://urbisfx.com);
• Advice Service Group (https://adviceservicegroup.com);
• Coin-Royal (https://www.coin-royal.com);
• Elv Markets Ltd (https://elvmarkets.com);
• Fortune Capital Tradefx / Fortune Capital Ltd (https://fortunecapitaltradefx.com);
• Fusion Markets International Ltd (https://fusionmarkets.com/es9);
• Galaxy Prime Fx (https://galaxyprimefx.com/);
• Leotradez (https://www.leotradez.com);
• Londonex Llc (https://londonex.com);
• Lonmarkets / Lonmarkets Ltd (https://lonmarkets.com);
• Metaverxia / Metaverxia Llc (https://www.metaverxia.com);
• N1cm / Number One Markets Capital Limited (https://www.n1cm.com);
• Megafxtrades Limited (https://optimalfxtrades.com);
• Prime Options Fx / Prime Options Fx Llc (https://primeoptionfx.com).

Reported by the Commission de Surveillance du Secteur Financier (CSSF) – Luxembourg:

• Snuff Kredit / Service Financier de Luxembourg Sa (www.snuffkredit.com).
• https://alken.enetia.net/h5/#, clone of a licensed company;
• https://www.leros-invest.lu, clone of a licensed company.

Reported by the Central Bank of Ireland (CBI) – Ireland:

• Irish Life Investment Managers Limited (email: info@irishlife-clients.com, compliance@irishlife-clients.com) clone of a licensed company;
• Exfinances / Finex Group Limited (www.exfinances.com) clone of a licensed company;
• Intelligence Prime Capital Ltd (www.iprimecapital.com) clone of a licensed company.

Reported by the Ontario Securities Commission (OSC) – Ontario:

• Metaverse Foreign Exchange Group Inc. (www.mfte.ca);
• Gci Online Trading / Gci Financial Ltd (www.gcitrading.com);
• Trade Union;
• Btse Global Exchange / Btseglobal (www.btseglobal.net, www.web.btseglobal.app);
• Ultradx Limited (www.ultradx.com);
• Nexus Llc / Invest Point (https://investpoint.pro);
• Trendex (www.trendex.pro, www.trendex.co);
• Bull and Bear Trading Group / Bull&Bear Trading Group (www.bnbtgroup.com);
• Goldberry Co. (www.goldberryco.com);
• Gammaron (www.gammaron.com);
• Onostros Global Ltd / Techno-Academy (www.techno-academy.info);
• Grow Prime (www.grow-prime.com);
• Morenova Investment / Morenova Investments (www.morenovainvestments.com).

Reported by the Financial Markets Authority – (FMA New Zealand) – New Zealand:

• Okx Pro (www.okxbiz.com);
• Stake Funds (www.stakefunds.co), clone of a licensed company;
• Capital Gold Investment (https://www.capitalgoldinvestment.net).

Reported by the Polish Financial Supervision Authority (KNF) - Poland:

• Pix Point Consulting Ltd / Pix Consulting Limited / Pix Pal Pro (www.pixpalpro.com). Previously reported by the Financial Supervisory Authority, Romania (FSA), (see "Consob Informa" no. 13/2023 of 17 April 2023), and by the Financial Conduct Authority (FCA) - United Kingdom (see "Consob Informa" no. 21/2023 of 12 June 2023);
• Intellect Bank (https://bi-internetowe.com);
• Kraj Maklerów (https://kraj-m.com/terms.html, https://kraj-maklerow.com).

Reported by the British Columbia Securities Commission – (BCSC) - British Columbia:

• Tierra Group Ltd / Tierra500 (https://tierra500.com). Previously reported by the Financial Market Authority (FMA) - Austria (see "Consob Informa" no. 11/2023 of 3 April 2023);
• Whitemax.us.us Inc. / Whitemax.us Inc. (https://www.whitemaxud.com, https://whitemaxus.net, http://104.168.155.235, http://23.94.211.83, https://whitemaxudpro.com, https://Whitemaxus.xyz, https://whitemaxus.site, https://whitemaxuspro.site, https://whitemaxuspro.xyz);
• Axiancefx (https://www.axiancefx.net). Previously reported by the Alberta Securities Commission (ASC) – Alberta (see "Consob Informa" no. 23/2023 of 26 June 2023).

Reported by the Swiss Financial Market Supervisory Authority - (FINMA) - Switzerland:

• Management Group (https://www.managergrps.com);
• Elegant Trust Credit (https://eleganttrustcredit.com);
• I21 Co Ltd (https://www.i21co-ltd.com);
• Imod Trade & Investment Company Ltd (https://imodtrade.ltd);
• Exchange Safe (https://exchangesafe.com);
• Cie-Sa Financial Group (https://cie-sa.com);
• Investeft (www.investeft.com);
• Wasixcap (www.wasixcap.com);
• Wama Asset Management (www.wama-am.com);
• Audemars Group (www.audemarsgroup.com);
• Jpm Consult (www.jpmconsult.com);
• Uts Unitradeswiss (www.unitrade-swiss.com).

Reported by the British Virgin Islands Financial Services Commission (BVIFSC) – British Virgin Islands:

• Imperial Solutions Ltd / Imperial Markets (www.imperialmarkets.com).

The British Virgin Islands Supervisory Authority (BVIFSC) also warns investors that the company Forex Bmc Uk Ltd, a company registered in England and Wales under number 11850384 which also operates as Forex Bmc and uses the website address https://www.forexbmc.net/, falsely claims to be authorised and licensed by the BVIFSC for the purpose of providing an options trading platform for Forex trading, trading commodities, cryptoassets, currencies, indices, ETFs and other financial services products. The trading platform used is the Integrated MT5 system.

The Authority reports that FOREX BMC UK LTD is not and has never been authorised to provide a trading platform for Forex trading, trading cryptocurrencies, indices, or any other financial services product.

Reported by Malta Financial Services Authority (MFSA) – Malta:

• Uniglobal Investment Limited / Uniglobal Invest Ltd (https://uniglobalinvestltd.com);
• Instant Globals Trade (www.instantglobalstrade.com).

Reported by the Securities and Futures Commission – (SFC) - Hong Kong:

• www.citharainvestment-hk.com, clone of a licensed company.

Reported by the Gibraltar Financial Services Commission (GFSC) – Gibraltar:

• Platinum-Markets (https://platinum-markets.com);
• Cryptoshark (https://cryptoshark.co.uk);
• http://Bitsoine.com, clone of a licensed company.

Reported by the Financial Supervisory Authority, Romania (FSA) – Romania:

• Pacific Transport Corporation Ltd;
• Online Pro Trading (https://onlineprotrading.com);
• University 4 Traders (https://university4traders.com);
• Trade 4 Freedom (https://trade4freedom.org).

Reported by the Financial Services Agency – Japan (FSA) - Japan:

• Big Boss Holdings Company Limited;
• Cryptograph Limited;
• K2 Holdings.

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• The document relating to the voluntary takeover bid promoted, pursuant to Articles 102 et seq. of Legislative Decree no. 58 of 1998, by Abaco 3 Spa on shares issued by Exprivia Spa has been approved (resolution no. 22771 of 12 July 2023).

• The summary note relating to the programme for the offer of Leverage Certificates called "Turbo Long Certificates and Turbo Short Certificates of FinecoBank Spa" issued by FinecoBank Spa has been approved (decision of 12 July 2023).

• Square Global Limited, based in the United Kingdom, pursuant to Article 28, paragraph 6 of the Consolidated Law on Finance (TUF) has been authorised under the freedom to provide services in Italy, to qualified counterparties and professional clients as identified pursuant to Article 6, paragraph 2-quinquies, letter a) and paragraph 2-sexies, letter a), of the same Consolidated Law on Finance, to carry out the investment services and activities indicated in the annex to the authorisation resolution. Square Global Limited is registered under the section of third-country companies other than the banks of the register referred to in Article 20 of the Consolidated Law on Finance (TUF) and is authorised to operate in Italy in accordance with the provisions applicable to third-country investment firms pursuant to the Consolidated Law on Finance and is subject to the supervisory regime provided for therein for this operation (resolution no. 22770 of 12 July 2023).
• Forfeiture due to express waiver by Principal Global Investors (Europe) Limited of the authorisation to provide the investment service of portfolio management and the ancillary exchange service when said service is linked to the provision of investment services, as referred to in Article 1, paragraph 5, letter d) and in Annex 1, section B, number 4, of Legislative Decree no. 58 of 24 February 1998, with consequent removal of the same company from the register of third country companies other than banks as referred to in Article 20, paragraph 1, of the same decree (resolution no. 22772 of 12 July 2023).

Order, pursuant to art. 7-octies, letter b) of Italian Legislative Decree no. 58 of 24 February 1998 (Consolidated Law on Finance) to cease infringement of art. 18 of Consolidated Law on Finance, put in place by:

- FP Europe through the website https://fpeurope.com and its page https://client.fpeurope.com (resolution no. 22773 of 12 July 2023);

- PrimusForex through the website https://primusforex.net and its page https://panel.primusforex.net (resolution no. 22774 of 12 July 2023);

- ProtechFx through the website www.protechfx.com and its page https://account.protechfx.com (resolution no. 22775 of 12 July 2023);

- Trezocapital through the website www.trezocapital.net and its page https://webtrader.trezocapital.net (resolution no. 22776 of 12 July 2023).

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