EU Regulators & Authorities

Commissione Nazionale per le Società e la Borsa (Italy) (CONSOB)

Italy NCA for MiCA conduct supervision — chairs the split-supervisor model with Banca d'Italia.

Definition

CONSOB is the Italian securities markets regulator and the designated MiCA conduct supervisor. Italy uses a split-supervisor model: CONSOB chairs the authorisation process and handles conduct, consumer protection, market integrity. Banca d'Italia handles prudential and AML.