Italian Securities Commission and Italian Competition and Market Authority sign three-year cooperation protocol to coordinate enforcement and information sharing

The Italian Securities Commission (Consob) and the Italian Competition and Market Authority (AGCM) have signed a memorandum of understanding setting out a framework for cooperation in areas of overlapping interest, aimed at coordinating their interventions. The protocol provides for reciprocal referrals where, in the course of each authority’s proceedings, potential breaches emerge that also fall within the remit of the other authority. It also предусматривает periodic information exchanges on general intervention approaches and activities, the possibility of conducting joint fact-finding inquiries, and preparing joint reports to Parliament and the Government on matters of common interest, alongside consultation arrangements in the context of investigations. A technical working group made up of the heads of the relevant offices will coordinate common activities and handle technical aspects related to implementing, amending, or supplementing the protocol. The agreement runs for three years and includes commitments to organise training initiatives and to work on shared solutions, including on artificial intelligence and crypto-assets.