Financial advisers - CONSOB AND ITS ACTIVITIES
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Financial sector operators also include financial advisers authorised to make off-premises offers, independent financial advisers and financial advisory companies. These entities must be entered in a dedicated register.
Since 1 December 2018, both the management of the register and the supervision of the three categories of advisers have been assigned to the Supervisory and Register-keeping Body for the single register of financial advisers (OCF).
Consob is responsible for supervising OCF.
The public Register of financial advisers is freely available on the OCF website, which also provides information on the requirements and conditions for practising the profession, at the following link: https://www.organismocf.it.
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.