Divisions 2024

Divisions

ISSUERS SUPERVISORY DIVISION

The Division monitors compliance with the legislation on the accuracy and transparency of the information provided to the public by issuers, including in the context of public offerings of equity and non-equity instruments and in the context of extraordinary finance operations, listing processes and securitisation operations; it monitors compliance with the legislation on corporate governance of issuers, protection of shareholders' rights, transactions with related parties, takeover bids and public exchange offers and the transparency of ownership structures; it works with the Methodologies and Policies Office of the General Management in the definition of its risk-based supervision model and the validation of annual robustness.

PEC: dve@pec.consob.it

Manager: Silvia Ulissi
e-mail: s.ulissi@consob.it
phone: 06/8477356

  • Prospectus Office

    The Office manages the prefiling and investigations for the approval of the offer/listing documentation and supervises the conducting of offer/listing transactions; it manages the certification of the prospectuses to be sent to the foreign authorities and verifies the documentation of the offer prospectuses approved by other authorities of the European Union; it also supervises the securitisation processes and, for matters within Consob's purview, the issuance of crypto-assets.

    Manager: Gianluca Vittorioso
    e-mail: g.vittorioso@consob.it
    phone: 06/8477716

    Deputy manager: Paolo Gabello
    e-mail: p.gabello@consob.it
    phone: 02/72420338

  • Issuers' Information Office

    The Office monitors the completeness and accuracy of the (financial and non-financial) information provided to the public by issuers of listed securities and the correct application of ESG (Environmental, Social and Governance) accounting and reporting standards; it prepares accounting/financial documents and monitors the completeness and accuracy of the information provided to the public in relation to extraordinary finance transactions of listed issuers.

    Manager: Silvana Anchino
    e-mail: s.anchino@consob.it
    phone: 06/8477478

  • Corporate Controls and Protection of Shareholders' Rights Office

    The Office monitors compliance with the rules that oversee the correct governance of the company and the exercising of the rights of the shareholders of listed issuers, as well as compliance with the rules on transactions with related parties and meetings of listed issuers.

    Manager: Francesca Fiore
    e-mail: f.fiore@consob.it
    phone: 06/8477537

  • Takeover and Ownership Structure Office

    The Office supervises compliance with the rules that oversee takeover bids and public offers of exchange, as well as with regard to the conditions of mandatory takeover bids; it supervises compliance with the disclosure obligations regarding ownership structures, significant shareholdings and shareholders’ agreements.

    Manager: Silvia Carbone
    e-mail: s.carbone@consob.it
    phone: 06/8477375

AUDITOR SUPERVISION DIVISION

The Division supervises the work, independence and technical suitability of statutory auditors and audit firms; it manages relations with the Italian Ministry of the Economy and Finance in relation to the supervision of statutory auditors and works with the Methodologies and Policies Office of the General Management in the definition of its risk-based supervisory model and the validation of annual robustness.

PEC: dvr@pec.consob.it

Manager: Roberto Polegri
e-mail: r.polegri@consob.it
phone: 06/8477500

  • Statutory Auditors and Technical Standards Supervisory Office

    The Office supervises the work of statutory auditors and audit firms; it participates in the preparation of sectoral technical standards.

    Manager: Barbara Catania
    e-mail: b.catania@consob.it
    phone: 06/8477534

  • Quality Control Office

    The Office periodically carries out, including through inspections, checks on the quality of the organisation and the statutory audit activities carried out by auditors and auditing firms; it prepares a model for defining the sample to be subjected to quality controls.

    Manager: Giovanni Martinelli
    e-mail: g.martinelli@consob.it
    phone: 06/8477410

INTERMEDIARIES SUPERVISION AND INVESTOR PROTECTION DIVISION

The Division monitors compliance with the rules on the provision of investment services and activities by authorised parties, crowdfunding service providers and crypto-asset service providers; manages the Register of Investment Firms; oversees the activities of Asset Management Companies and SICAV (open-ended investment companies); oversees the work of the Supervisory Body and the keeping of the single register of Financial Advisors; takes care of activities aimed at the protection of investors, through the management of exposures and relations with consumer associations; works with the Methodologies and Policies Office of the General Management in the definition of its risk-based supervisory model and the validation of annual robustness.

PEC: din@pec.consob.it

Manager: Andrea Turi
e-mail: a.turi@consob.it
phone: 02/72420202

  • Banking Office

    The Office oversees the provision of investment services and activities as well as the distribution of banking financial products or insurance investment products carried out by banks; it oversees compliance with the obligations relating to the Key Information Documents of packaged retail investment and insurance products (PRIIPs); it oversees the work of the OCF (financial advisor supervisory and registration body).

    Manager: Francesco Adria
    e-mail: f.adria@consob.it
    phone: 02/72420390

  • Investment Firms, Crowdfunding, CASP (Crypto Asset Service Provider) Office

    The Office supervises the provision of investment services and activities as well as the distribution of banking financial products or insurance-based investment products carried out by investment firms; it manages the Register of Investment Firms and the list of EU investment firms, with and without a branch; it oversees authorisation/revocation procedures for crowdfunding service providers and also handles authorisation/revocation procedures and supervises service providers for crypto-assets.

    Manager: Giovanni Musella
    e-mail: g.musella@consob.it
    phone: 02/72420239

  • Asset Management Companies and CIs Office

    The Office supervises the activities of asset management companies and SICAV (open-ended investment companies); it monitors the information provided to the public in offers of units or shares of UCITS.

    Manager: Giovanna Frati
    e-mail: g.frati@consob.it
    phone: 02/72420931

  • Investor Protection Office

    The Office handles relations with savers and consumer associations, managing exposed parties.

    Manager: Enea Franza
    e-mail: e.franza@consob.it
    phone: 06/8477494

MARKET MONITORING DIVISION

The Division ensures the transparency, orderly conduct and integrity of the markets; it manages relations with the parties that organise and manage trading venues and works with the Methodologies and Policies Office of the General Management in the definition of its risk-based supervision model and the validation of annual robustness.

PEC: dme@pec.consob.it

Manager: Isadora Tarola
e-mail: i.tarola@consob.it
phone: 06/8477507

  • Market Information and Ratings Office

    The Office supervises the dissemination of inside information and measures to prevent market abuse; it supervises the dissemination of information contained in ratings opinions or investment recommendations; it carries out preliminary investigations into cases of market abuse, excluding operational manipulation, also related to rating opinions or investment recommendations.

    Manager: Renato Maviglia
    e-mail: r.maviglia@consob.it
    phone: 06/8477426

  • Market Infrastructure Office

    The Office authorises operators of trading systems and manages the related list; it authorises and supervises parties responsible for channels for the dissemination of market data and manages the related list; it supervises the correct functioning of trading infrastructures, the related regulations and the infrastructure managers; it authorises and supervises parties responsible for transaction reporting channels and manages the related list.

    Manager: Salvatore Ciccarelli
    e-mail: s.ciccarelli@consob.it
    phone: 06/8477267

  • Post-Trading Office

    The Office authorises post-trading infrastructures and supervises their proper functioning; it supervises intermediaries for centralised management profiles, those participating in the central depository, participants in central counterparties and their clients; it monitors counterparties to securities financing operations and counterparties to derivatives operations (Emir - European Market Infrastructure Regulation); it manages post-trading infrastructure crises and exercises powers relating to the ‘pilot regime’.

    Manager: Salvatore Lo Giudice
    e-mail: s.logiudice@consob.it
    phone: 06/8477742

  • Cash and Derivatives Markets Operations Office

    The Office supervises the regularity of cash and derivatives markets and their information context; it manages and analyses the data of transactions concluded on the markets and transaction reporting; it manages preliminary investigations of hypotheses of market abuse, excluding information manipulation; it authorises the exercising of benchmark administrator activities and the endorsement of benchmarks.

    Manager: Antonio Russo
    e-mail: a.russo@consob.it
    phone: 06/8477200

  • Market Abuse Office

    The Office carries out investigations and activities necessary for combating market abuse.

    Responsabile: Carlo Milia
    e-mail: c.milia@consob.it
    phone: 02/72420230

INSPECTORATE DIVISION

The Division handles the following tasks: it carries out inspections, monitors phenomena of financial abuse and strives to prevent money laundering; it works with the Methodologies and Policies Office of the General Management in the definition of its risk-based supervision model and in the validation of annual robustness.

PEC: dis@pec.consob.it

Manager: Lorenza Pagnotto
e-mail: l.pagnotto@consob.it
phone: 02/72420273

  • Inspection Office

    The Office carries out inspections at the request of the Supervisory Divisions.

    Manager: Angela Giorgio
    e-mail: a.giorgio@consob.it
    phone: 02/72420241

  • Anti-Money Laundering Office

    The Office carries out supervisory activities and inspections on the prevention of money laundering and terrorist financing according to the distribution of powers between authorities.

    Manager: Cristina Di Biase
    e-mail: c.dibiase@consob.it
    phone: 02/72420307

  • Abusive Phenomena Supervision Office

    The Office monitors the unauthorised provision of investment services; in this context, it carries out investigations into activities carried out on the internet or through other remote communication techniques.

    Manager: Giuseppe Frega
    e-mail: g.frega@consob.it
    phone: 06/8477908

STUDIES AND REGULATIONS DIVISION

The Division carries out studies, analyses and research of an economic, statistical and legal nature; it manages and enhances Consob's data assets; it handles Consob's regulatory production, identifying its regulatory strategies and regulation priorities, coordinating the process of preparing secondary legislation, ensuring the quality of the legislation produced and evaluating its economic impact; it also prepares hypotheses for modifying primary legislation.

PEC: dsr@pec.consob.it

Manager: Paola Deriu
e-mail: p.deriu@consob.it
phone: 06/8477948

  • Studies Office

    The Office supports the supervision and preparation of regulatory proposals and other institutional activities through the drafting of economic, financial and legal analyses and research; it prepares the Annual Report.

    Manager: Federico Picco
    e-mail: f.picco@consob.it
    phone: 06/8477690

  • Data Governance Office

    The Office ensures the governance of the data available to Consob; it handles the quality and standardisation of the data available, allowing the progressive adoption of AI-based solutions.

    Manager: Gaetano Nicola Finiguerra
    e-mail: g.finiguerra@consob.it
    phone: 06/8477461

  • Regulatory Office

    The Office coordinates Consob's regulatory strategies, identifying regulatory priorities and managing the process of preparing secondary legislation, as well as developing hypotheses for amending primary legislation.

    Manager: Mauro Bellofiore
    e-mail: m.bellofiore@consob.it
    phone: 06/8477627

  • Regulatory Impact Analysis Office

    The Office assesses the impact, costs and benefits of regulations and monitors their impacts on the efficiency of markets and the operations of issuers, intermediaries and investors.

    Manager: Irene Tagliamonte
    e-mail: i.tagliamonte@consob.it
    phone: 06/8477589

COMMUNICATION DIVISION

The Division supports the Chairman and the Commission in external communication activities; it handles relations with the media and promotes the image of Consob; it manages the website and intranet and publishes institutional documentation; it defines internal and external communication standards; it organizes institutional events and handles financial education initiatives and manages relations with the public and the Consob library.

PEC: dco@pec.consob.it

Manager: Manlio Pisu
e-mail: m.pisu@consob.it
phone: 06/8477516

  • Press Office

    The Office supports the Chairman and the Commission in external communication activities, with the Head of the Office acting as spokesperson; it handles the internal dissemination of relevant news disseminated by the media.

    Manager: Manlio Pisu (temporary regency)
    e-mail: m.pisu@consob.it
    phone: 06/8477516

  • Website and Social Media Office

    The Office designs and manages institutional communication through the website and social media in an integrated manner.

    Manager: Pasquale Munafò
    e-mail: p.munafo@consob.it
    phone: 02/72420921

  • Financial Education Office

    The Office handles initiatives to enhance the financial culture of savers.

    Manager: Paola Soccorso
    e-mail: p.soccorso@consob.it
    phone: 06/8477819

  • Public Relations Office

    The Office handles relations with the public, managing the library and publishing activities.

    Manager: Manlio Pisu (temporary regency)
    e-mail: m.pisu@consob.it
    phone: 06/8477516

FINANCE AND ADMINISTRATION DIVISION

The Division ensures the operational functionality of Consob, handling its accounting, preparing financial statements, managing procedures for the acquisition of goods, services and works and ensuring the implementation of safeguards and the fulfilment of health and safety obligations.

PEC: dam@pec.consob.it

Manager: Serenella Maria Pizzoferrato
e-mail: s.pizzoferrato@consob.it
phone: 06/8477457

  • Accounting and Budget Office

    The Office handles the keeping of Consob's accounts; it prepares the provisional budget and final accounts; it handles Consob's financial planning, through the definition of financial needs and the contribution regime and the preparation of the provisional budget; it manages revenues (including through the registration of revenues other than those deriving from administrative sanctions); it handles the relevant aspects of relations with the Court of Auditors and supports the activities of the Board of Auditors.

    Manager: Paolo Dragone
    e-mail: p.dragone@consob.it
    phone: 06/8477945

  • Administration and Contracts Office

    The Office manages procedures for acquiring goods, services and works; it manages the economic fund and takes care of the relevant aspects of relations with the Court of Auditors; it handles the relevant aspects of relations with the National Anti-Corruption Authority.

    Manager: Giuseppe Ferrari
    e-mail: g.ferrari@consob.it
    phone: 02/72420313

  • Logistics and Occupational Safety Office

    The Office handles the management of the buildings of the Rome and Milan offices; it manages the general services and the central archives, ensuring the protection of workers’ health and safety.

    Manager: Piergiuseppe Manzione
    e-mail: p.manzione@consob.it
    phone: 06/8477818

HUMAN RESOURCES DIVISION

The Division handles Consob's organisation and trade union relations, economic administration, recruitment, staff management and development, including by coordinating employees' training and career profiles.

PEC: risorseumane@pec.consob.it

Manager: Luciana Libonati
e-mail: l.libonati@consob.it
phone: 06/8477760

  • Organisation Office

    The Office manages the organisational structure of Consob; it defines the size of the organisational units; it monitors the efficiency of processes and prepares proposals for improving efficiency and implementing organisational interventions, with the support of the Methodologies and Policies Office; it is responsible for updating the Organisation and Operation Regulations.

    Manager: Milena Nervi
    e-mail: m.nervi@consob.it
    phone: 02/72420380

  • Professional Development, Staff Management and Training Office

    The Office prepares the professional development models and career profiles of the staff; it handles the legal-administrative management of employment relationships; it takes care of procedures for the recruitment, selection and hiring of personnel; it coordinates staff training and the development of skills and professionalism, in line with the identified career paths; it ensures the updating of the relevant aspects of the Staff Regulations.

    Manager: Luca Menicucci 
    e-mail: l.menicucci@consob.it
    phone: 06/8477607

  • Staff Administration Office

    The Office handles the economic/administrative management of employment relationships and of retired staff; it manages the development, maintenance and updating of IT applications relating to personnel; it ensures the updating of the relevant aspects of the Staff Regulations.

    Manager: Fabrizio Valerio
    e-mail: f.valerio@consob.it
    phone: 06/8477571

IT AND ARTIFICIAL INTELLIGENCE DIVISION

The Division is responsible for the development of Consob's applications and IT infrastructures; it defines the technological requirements of Consob's databases and ensures their management; it handles the development and management of AI solutions; it designs and provides safeguards for IT security and business continuity.

PEC: dia@pec.consob.it

Manager: Nicola De Caro
e-mail: n.decaro@consob.it
phone: 06/8477644

  • ICT User Applications and Services Office

    The Office develops and manages applications to support supervisory, administrative and communication activities.

    Manager: Brunella Vaglieco
    e-mail: b.vaglieco@consob.it
    phone: 06/8477738

  • Data Management and Artificial Intelligence Office

    The Office develops and manages advanced analytics business intelligence platforms; it manages artificial intelligence technologies and develops related algorithms.

    Manager: Brizio Leonardo Tommasi
    e-mail: b.tommasi@consob.it
    phone: 06/8477584

  • IT and Cloud Infrastructure Office

    The Office manages relations with users and IT Service Management processes and administers identities; it develops and manages proprietary and cloud infrastructures, monitors applications and infrastructures.

    Manager: Marco Policastro
    e-mail: m.policastro@consob.it
    phone: 06/8477563

  • IT Security Office

    The Office defines and manages policies and standards for the security of IT systems; it develops and manages IT security solutions; it ensures detection activities and countermeasures in the event of cyber attacks; it provides training for the containment of cyber risk (security awareness), in conjunction with the Human Resources Division; it is also responsible for information sharing & cyber intelligence activities, in cooperation with institutions in the sector.

    Manager: Claudio Gentili
    e-mail: c.gentili@consob.it
    phone: 06/8477669

See Also

SEE ALSO