The rating has a duration of two years and to obtain it, it is necessary that the company: The rating has also been included in the new Code of Public Markets. In particular, some articles mention the score as a reward criterion. We mention the most important thing: there is no doubt that obtaining the legality score has a positive effect on the image of the company both vis-à-vis suppliers and customers. The legality rating is indeed an indication of the reliability and accuracy of the company for its ethical and legal conduct. The legality assessment is a synthetic indicator of compliance with high standards of legality by companies that have requested it. Companies (individuals and companies) that cumulatively meet the following conditions may request the award of the evaluation: The Association, in agreement with FidiNordest, offers member companies the service of obtaining the rating of one or more stars or one or more +, with the management of all the necessary procedures, with the possibility of receiving a personalized offer according to your needs. Banks are required to take into account the legality assessment for: It is also possible to include reward criteria in relation to the highest legality score in the offer. The commitment to transparency and corruption prevention should be seen as an essential element of a sustainable process, also in line with the National Economic Recovery and Resilience Plan (NRSP). The perception of greater transparency in public and collective action is another essential element of this growth. The legality assessment has a duration of two years from the date of issue and may be extended upon request. The legality rating offers a “rating” of 1 to 3 stars; The authority assigns the score on the basis of what is declared by the companies themselves, but very thorough checks are planned with cross-checks between the data of the paying agent and the data declared by the company. Let`s go into the details and see what the legality assessment is, what its purpose is and how to apply for it. The procedures for determining the benefits of credit rating are laid down in the implementing Regulation.
Companies that have received the rating can benefit from public administrations and banking institutions. Obtaining a credit rating and, above all, a high rating facilitates access to bank credit, with a significant reduction in the time and cost of preliminary investigations to obtain financing and significant benefits in the provision of public funds and participation in public procurement. Interested companies should submit their application via the corresponding web rating platform on this website. To do this, the Company must first register on the Platform and, after completing the registration, access the system, compile the request, and then send it according to the appropriate instructions on the same website. To obtain the legality assessment, in addition to those already mentioned, companies must meet certain conditions: they must have their operational headquarters in Italy, have achieved a minimum turnover of 2 million euros in the last financial year of the year before applying for the rating and have been registered in the commercial register for at least two years. Many companies are not aware of the legality assessment and the benefits it provides. The opportunities arising from the allocation are extremely attractive for companies, particularly in terms of access to bank credit or public financing. Companies operating in Italy that have achieved a minimum turnover of EUR 2 million in the year preceding the application and that have been registered in the commercial register for at least two years may apply for the rating.
In order to obtain the legality assessment, a number of requirements must be met. If you would like to receive the legality assessment of your company, ask us for a hand: we will fulfill the application with you in all parts. To date, more than 8,500 companies have applied for the rating and this number is growing steadily. The list of companies that have received it is public and can be consulted at the following link: www.agcm.it/competenze/rating-di-legalita/elenco-rating The assessment of legality is probably one of the least known standards in Italy, despite the great advantages that this rule can bring in many cases. By 2020, just over 8000 companies throughout Italy will have received this score and will be able to enjoy these benefits! The legality assessment is a certificate issued by the Italian Competition Authority to companies that comply with legality and adopt an ethical approach to business. The rating aims to provide a number of benefits to companies that operate in full compliance with the law, for example, to obtain the legality rating, it is necessary to make a number of statements with criminal value. It is therefore necessary to pay special attention to signed statementsIt is a bureaucratic practice written with legal terms, which is often not easy to understand for non-experts in the sector. The rating can be requested by companies registered in the commercial register for at least two years and with a minimum turnover of two million euros (in the year ending in the year preceding the application). The application must be submitted electronically using a special form available on the website of the Italian Competition Authority (AGCM). The same AGCM provides for the assignment of the rating, which lasts 2 years and can be renewed if desired. Through certification, the company also improves its transparency and visibility and is recognized in the market as a virtuous subject. Contact us now for more information! In October 2017, the legality assessment was registered in the Commercial Register, which is available for information purposes in all business chambers of commerce.
Public administrations, when preparing business lending measures, shall provide at least one of the following reward schemes for those holding the rating: In addition to purely ethical issues, companies should also request the assessment of the legality of the resulting benefits: There are many tenders and measures that explicitly require it or we reward them, who own it. For example, to participate in the last Expo in 2015, companies had to be in possession of the rating. The legality assessment is a tool that aims to promote and implement principles of ethical behavior in the company by assigning a kind of score measured in “stars” that indicates compliance with the legality by companies that have requested it. The rating is valid for two years from the date of issue and may be extended upon request; The authority shall have the power to revoke the credit rating if the entity no longer meets the required requirements. If the company has met the requirements to have more stars, but has not lost enough to award a star, it will be “demoted”. In May 2018, Decision No. 27165 of the AGCM – Implementing Regulation on the Evaluation of Legality was published. Regulatory updates can be found on the link: agcm.it/competenze/rating-di-legalita/normativa From 2012 to date, our country has grown by 14 points and the 2021 CPI marks a significant boost to its progress and also ranks 17th (up from 20th last year) out of 27 European Union Member States. Among these, Denmark, Finland and New Zealand are confirmed as the most virtuous countries with 88 points. The new Public Procurement Code (D.Lgs.
50/2016) provides for a 30% reduction in the amount of the guarantee to be provided to the holders of the legality assessment. AGCM Resolution of 12 November 2012 – Implementing Regulation on Legality Assessment (latest amending resolution No. 28361 of 28 July 2020) Companies wishing to obtain the legality assessment must apply electronically via the form on the AGCM website. Be sure to follow the instructions.
