Investment firms - CONSOB AND ITS ACTIVITIES
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General information
Investment firms are authorised entities that provide investment services and activities to retail investors, professional investors and eligible counterparties.
Authorisation is granted on the basis of the requirements laid down by European and national legislation and enables these entities to operate in financial markets, provide services to clients and carry out related and ancillary activities.
This section of the website provides information on the Register of investment firms, established by Article 20 of Legislative Decree No. 58/1998, which is the official register of firms authorised to operate in the investment services sector in Italy.
Register updates
Any change to the information contained in the Register is normally made through measures adopted by Consob.
The measures that supplement or amend the information contained in the Register are published in the following sections of the website:
- Bulletin Contains the Commission’s resolutions, available in Italian only
- Managerial determinations Collects the acts assigned to the Heads of the Supervisory Divisions, available in Italian only
Register sections
The register provided for in Article 20 of Legislative Decree No. 58/1998 contains:
- List of Italian investment firms
- Special section of Class 1 Italian investment firms No firms registered at present
- Third-country firms authorised to operate in Italy with branches
- Special section of Class 1 third-country firms with branches No firms registered at present
- Third-country firms authorised to operate in Italy without branches
- Special section of Class 1 third-country firms without branches No firms registered at present
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Third-country firms authorised to establish branches in other European Union Member States No firms registered at present
- Trust companies No firms registered at present
Annexed list of firms authorised in other European Union Member States
The Register includes an annexed list of investment firms authorised in other European Union Member States:
- Firms authorised in other European Union Member States with branches in Italy
- Class 1 firms authorised in other European Union Member States with branches in Italy
- Firms authorised in other European Union Member States without branches in Italy
- Class 1 firms authorised in other European Union Member States without branches in Italy
The lists of investment firms authorised in other European Union Member States are updated, in line with the legislation in force, on the basis of the communications transmitted, from time to time, to Consob by the supervisory authorities of the respective home countries.
It is therefore recommended to check that the European Union investment firm is still listed in the official register of the competent supervisory authority of its home country, through the link available for each investment firm in the list, in order to make sure that the authorisation is still valid.
Special section of trust companies (SIM fiduciarie)
The register provided for in Article 20 of Legislative Decree 58 of 24 February 1998 is for the following types of intermediaries:
- Italian investment firms (SIMs);
- Register of Italian investment firms_special section_Class 1
- Trust companies (SIM fiduciarie) referred to in the first sentence of Article 60.4 of Legislative Decree 415/1996.
- Companies of non-EU countries other than banks authorized by Consob to operate in Italy with branches ;
- Class 1 companies of non-EU countries other than banks authorized by Consob to operate in Italy with branches
- Companies of non-EU countries other than banks authorized by Consob to operate in Italy without branches;
- Class 1 companies of non-EU countries other than banks authorized by Consob to operate in Italy without branches
- List of investment firms authorized in other EU states with branches in Italy;
- Class 1 investment firms authorised in other EU countries with branches in Italy
- List of investment firms authorized in other EU states without branches in Italy;
- Class 1 investment firms authorised in other EU countries without branches in Italy
- Companies of non-EU countries other than banks authorized in other EU countries pursuant to art. 47 (3) of MiFIR (at the present time there are not companies);
A list of EU investment firms is attached to the register, as required by Article 20 of Legislative Decree 58 of 24 February 1998.
The lists of investment firms authorized in other EU countries are updated on the basis of the notifications received by the home country supervisory authorities only.