Commissione Nazionale per le Società e la Borsa (CONSOB)

The Commissione Nazionale per le Società e la Borsa (CONSOB) is the public authority responsible for regulating the Italian financial markets. Its activity is aimed at the protection of the investing public. In this connection, the CONSOB is the competent authority for ensuring transparency and correct behaviour by financial market participants; disclosure of complete and accurate information to the investing public by listed companies; accuracy of the facts represented in the prospectuses related to offerings of transferable securities to the investing public; compliance with regulations by auditors entered in the Special Register It conducts investigations with respect to potential infringements of insider dealing and market manipulation law.