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Over time CONSOBs powers and responsibilities have expanded significantly. In 1983 a new law extended its jurisdiction to protecting public savings, and two years later CONSOB received juridical personality and autonomy. In 1991, it was attributed powers to audit securities brokerage companies and
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The
Italian Companies and Exchange Commission (CONSOB) was founded in 1974 through legislation merging the functions and jurisdictions that until then had been part of the Italian Ministry of Treasury. This was primarily power to monitor the securities markets.
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it monitors the operations of market management companies, the transparency and orderly conduct of trading, and the transparency and fairness of the conduct of intermediaries and financial representatives;
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it regulates the investment services and operations of intermediaries, the reporting obligations of companies listed on regulated markets, and the solicitation of investment from the public;
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it checks the information provided to the market by entities that solicit investment from the public, as well as the information contained in the accounting documents of listed companies.
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it authorizes the operations of regulated markets, the publication of prospectuses, the centralized management of financial instruments, and enrolment in registers;
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responsible for regulating the
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CONSOB is headed by a collegiate body consisting of a chairman (as of
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it penalizes any unfair conduct by the above-mentioned parties;
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List of financial regulatory authorities by jurisdiction
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This article about an organisation based in Italy is a
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278:. Borsa Italiana. 2 January 1998. Archived from
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