Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to five new websites that offer financial services/financial products illegally: four illegal financial intermediation websites and one website through which an offer of financial products is carried out in the absence of a prospectus.
In issuing the orders, the regulator made use of the powers granted to it by the “Decreto crescita” (“Growth Decree” Law no. 58 of 28 June 2019, Article no. 36, paragraph 2-terdecies) and the Law no. 8 of 28 February 2020, Article no. 4, paragraph 3-bis.
The websites targeted by the latest orders are: