What is the Legality Rating

Legality rating is a system for assessing the adequacy of a firm's or company's practices against certain standards of legal behavior.
It achieves concrete benefits for companies that equip themselves with it.

What is

The rating by legalenà è a sistema by valutazion ofladeguatezza ofthe pratiche by aimpyield o by aa società rispetto a determineati standard by comportamento legale.
It was introduced into Italian legislation in 2012 with the aim of promoting principles of ethical behavior in business as metodo by valutazion which dimostra as aazienda yes conforma a regole, regulations e theggi.
The rating by legalenà può esifre usato anwhich for valutare the pratiche by responsabilità sociale dimpyield (RSI).

The concrete benefits of a still little-known tool

The legality rating is certainly a tool of distinction and visibility, and companies that obtain it achieve reputational benefits by being recognized as virtuous.
But there are also more concrete benefits, such as:
1) Have more credibility with the banking system resulting in shorter credit disbursement times;
2) a preference in Public Administration rankings, with additional scoring and reservation of share of allocated financial resources;
3) A 30 percent reduction in the security to be provided in tenders.

Requirements Needed and Obtained

The award of the legality rating is allowed to companies with operational headquarters in Italy, a minimum turnover of 2 million euros with reference to the year preceding the year of the application for the award, and registration in the Register of Companies for at least 2 years from the date of the application.
The application for a legality rating must be made through a telematic procedure to theAntitrust Authority (AGCM), which, after carrying out the appropriate investigations, concludes the procedure with a denial or with the assignment of the rating, the score of which is between one and 3 stars.
The positive outcome will be subject to acquisition at the Registry of Enterprises and will appear in the Chamber of Commerce’s registration certificate.
The awarding of the legality rating cannot be considered as a due act by the AGCM and is bound to the lack of the so called cc.d. Obstructive causes referring both to the apical positions of the enterprise and to the enterprise itself. In particular, senior figures such as those of the technical director, general manager, legal representative, directors, shareholders, must be free from personal and/or property measures of prevention and/or precautionary measures, criminal convictions/judgments, plea bargains for certain crimes under special laws (e.g., tax crimes) and crimes under the Penal Code; the company must not have been convicted of corporate liability (Legislative Decree 231/01), as well as convictions related to any  activity exercised unlawfully (e.g., serious antitrust offenses) or suffered sanctioning measures by Anac.

Support for obtaining the legality rating is among I4D Consulting’s Fiscal Services.

Normative References

AGCM Resolution 24075, 14.11.12

MISE-MEF Ministerial Decree no. 57/12,

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