CONSOB has availed itself of the new powers resulting from the “growth decree” (law n. 58 of June 28, 2019, Article 36, paragraph 2-terdecies), ordering internet providers to inhibit access from Italy to 5 new websites offering financial services without the proper authorisation.
Find below the list of companies and websites:
- 4xRoyal Ltd (https://4xroyal.com);
- Game Capital Ads Ltd (https://it.247worldbtcfx.com);
- Kronosinvest (https://www.kronosinvest.co);
- Sky Hub Limited (https://4xincome.com);
- Zuitex (https://www.zuitex.com).
The measures are available on the website www.consob.it.
Shutting down the websites is in progress; for technical reasons the actual shutting down can take several days.
The National Commission for Companies and the Stock Exchange has also suspended, as a precautionary measure, within the meaning of Article 99, paragraph 1, letter b), of the Consolidated Law on Finance (TUF), for a period of 90 working days, the public offer of investment packages carried out by Itrade Clubs Corp through the website www.site.itradeclubs.com/it (Resolution n. 21093 of September 25, 2019).
(Published in “Consob Informa” no. 33/2019 – 30 September 2019)