FCA regulates the financial services industry in the UK.

FCA aims to make sure that financial markets work well so that consumers get a fair deal. This means ensuring that, the financial industry is run with integrity, firms provide consumers with appropriate products and services, and consumers can trust that firms have their best interests at heart.

Financial Sector Supervisory Commission (The Commission de Surveillance du Secteur Financier - CSSF) is the supervisory authority of the Luxembourg financial sector.

Its duties and its field of competence are provided for in Section 2 of the Law of 23 December 1998 establishing a financial sector supervisory commission (“Commission de surveillance du secteur financier”) (the “Organic Law”).

The CSSF performs its duties of prudential supervision and supervision of the markets for the purposes of ensuring the safety and soundness of the financial sector, solely in the public interest. Within the limits of its remit, it ensures notably that the authorised persons and the issuers comply with the regulations applicable to them, including those aiming to ensure the protection of the financial consumers and the prevention of the use of the financial sector for the purposes of money laundering or terrorist financing.

The CSSF represents Luxembourg in the area of European and international supervision.

The Securities Commission of The Bahamas (“the Commission”) is a statutory body established in 1995 pursuant to the Securities Board Act, 1995. That Act has since been repealed and replaced by new legislation. The Commission’s mandate is now defined in the Securities Industry Act, 2011 (SIA, 2011). The Commission is responsible for the administration of the SIA, 2011 and the Investment Funds Act, 2003 (the IFA), which provides for the supervision and regulation of the activities of the investment funds, securities and capital markets. The Commission, having been appointed Inspector of Financial and Corporate Services effective 1 January 2008, is also responsible for administering the Financial and Corporate Service Providers Act, 2000.

To effectively oversee and regulate the activities of the investment funds, securities and capital markets, to protect the investors while strengthening the public and institutional confidence in the integrity of those markets.

The National Commission for Companies and the Stock Exchange (CONSOB) is the public authority responsible for regulating the Italian financial markets.

Its activity is aimed at the protection of the investing public.

In this connection, the CONSOB is the competent authority for ensuring

• transparency and correct behaviour by financial market participants;
• disclosure of complete and accurate information to the investing public by listed companies;
• accuracy of the facts represented in the prospectuses related to offerings of transferable securities to the investing public;
• compliance with regulations by auditors entered in the Special Register.

CONSOB conducts investigations with respect to potential infringements of insider dealing and market manipulation law.