Asset management companies - CONSOB AND ITS ACTIVITIES
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Asset management companies (Società di gestione del risparmio – SGRs) are authorised to provide collective portfolio management services.
Authorisation is granted by decision of the Bank of Italy, after consulting Consob. Supervision is exercised by Consob and the Bank of Italy in accordance with the provisions of the Consolidated Law on Finance, with regard to transparency, fairness of conduct and prudential purposes.
The Register can be consulted on the Bank of Italy website.
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.