Italy · EU/EEA regulator

CONSOB Commissione Nazionale per le Società e la Borsa

Italy's securities regulator. It has the power to order Italian internet providers to block websites of unauthorised investment firms and publishes those orders regularly.

Official website Best brokers in Italy

Italy's securities regulator

CONSOB supervises markets, listed companies and investment services, alongside the Banca d'Italia for prudential matters.

Website blackouts

Since 2019 CONSOB has had the power to order Italian internet service providers to block access to websites offering financial services without authorisation. It announces new blackouts regularly; hundreds of websites of unauthorised brokers, crypto platforms and "trading robots" have been blocked.

The ACF

CONSOB runs the Arbitro per le Controversie Finanziarie, a free alternative dispute-resolution body for investors in disputes with Italian intermediaries about investment services.

Protection for clients of CONSOB-licensed firms

Investor compensation
Up to €20,000 per investor
Scheme
Fondo Nazionale di Garanzia (FNG)
Bank deposits
€100,000 per person per bank (EU Deposit Guarantee Schemes Directive).
Out-of-court complaints
Arbitro per le Controversie Finanziarie (ACF)

19 firms in our register with a CONSOB licence