Rome, September 16, 2025 — Italy’s competition watchdog AGCM and markets regulator CONSOB have signed a three-year memorandum of understanding to collaborate in areas of shared interest, aiming to speed decisions and avoid regulatory blind spots across antitrust and securities matters.
Under the pact, the authorities will cross-reference potential breaches from their respective investigations and exchange information regularly on enforcement priorities and ongoing activities.
Furthermore, the agencies agreed to run joint market studies and issue joint opinions to Parliament and the Government on topics of common concern, and consult one another during case work where their remits intersect.
A technical working group—made up of senior officials from both agencies—will convene as needed to steer cooperation and handle operational issues, including any updates to the agreement itself. The protocol also foresees training initiatives and collaboration on shared solutions in emerging areas such as artificial intelligence and crypto-assets, signalling closer supervision where digital markets and capital markets converge.
AGCM President Roberto Rustichelli and CONSOB President Paolo Savona signed the protocol, which takes immediate effect and runs for three years.
