Pursuant to Article 101, paragraph 1, of the Consolidated Law on Finance, Consob set up a specific system to collect any type of advertising material aimed at Italian investors concerning any offer (DePub). The DePub system is operational from 1 September 2025.

Supervised entities are required to complete the registration procedure in order to access the system according to the information reported on both the manual and the operational instructions available on the Consob web page from such date onwards.

Supervised entities are recommended to use the new system during the transitional period which ends on 31 December 2025. May supervised entities experience difficulties accessing the system and/or transmitting documents/files through the DePub system, and provided such technical issues cannot be solved with the help desk assistance, the advertising material can be filed to Consob using the follow PEC consob@pec.consob.it.

At the end of the transitional period (i.e. from 1 January 2026), advertising material shall be transmitted to Consob exclusively via the DePub system.

Eventual technical issues shall be reported to the help desk (phone +39 06-8477388, available from 9:30 a.m. to 5:30 p.m. on working days).