Key changes include: extension of the validity period to three years; additional score for companies that have already renewed their rating continuously over at least three rating periods; issuance of the certificate in English.

The new Implementing Regulation on the Legality Rating (AGCM decision No. 31812 of 27 January 2026) enters into force today. The new Regulation has been published in the Official Gazette (No. 33 of 10 February 2026) and in the Authority’s Bulletin (supplement to Bulletin No. 6 of 10 February 2026). On 10 February, the Notice providing guidance on the new regulatory framework, including the interim provisions, as well as the updated FAQs were made available to companies in Italian.

The new Regulation introduces several key changes, including:

• a three-year validity period for legality ratings awarded or renewed under the new framework;
• an additional score for companies applying for renewal that have already held the rating continuously over at least three rating periods;
• the issuance of the legality rating certificate also in English, making it easier to use in international markets.

Moreover, the legality requirements and information obligations have been strengthened in order to preserve the incentive-based nature of the rating. Starting today, companies must use the new Forms and Templates available in Italian on the WebRating platform and on the Legality Rating section of the Authority’s website. Companies have until 15 April 2026 to renew any pending applications. Applications not renewed by that date will be deemed withdrawn, but a new application may be submitted at any time (points 14-17 of the Notice to companies). Companies holding a rating as at 16 March 2026 must notify the Authority by 15 May 2026 of any events that occurred before the entry into force of the new Regulation and that would prevent the rating from being maintained under the new rules (points 18-21 of the Notice to companies). Such notification must be submitted using the Template available on the Authority’s website.

Further details and the relevant online procedures are available in Italian in the Legality Rating section of the Authority’s website.

Rome, 16 March 2026