Tag: Kiplar

Consob Monday – Italian regulator issues five black-out orders!

CONSOB tamir -
The Italian regulator Consob ordered the black-out of five new websites offering financial services illegally. Since July 2019, the regulator has already blocked 510 websites for the Italian market. Consob is, unfortunately, the only EU regulatoSincer that can block websites. Based on the legal grounds of the "Decreto Crescita," Consob can order internet service providers to block access from Italy to websites offering financial services without the proper authorization. Such a provision would be worth considering for other regulatory regimes as well.