The seat of the AGCM, Rome
The seat of the AGCM, Rome

The Italian Competition Authority (Italian: Autorità Garante della Concorrenza e del Mercato, AGCM) is the competition regulator in Italy. It is an Italian quasi-autonomous non-governmental organization established on the basis of Law №287 of 10 October 1990.[1]

As of 2004, the Italian Competition Authority has also been in charge of enforcing laws against conflicts of interest for Holders of Public Office.

As the Italian competition regulator, the Authority has the task of enforcing both Italian and European consumer protection laws.

It is financed by annual allocations through a special chapter of the Ministry of Economic Development's budget. The Financial Law of 2006 introduced partial self-financing:[2] AGCM has full control over the management of these funds for its own operations.

An annual report is presented to the President of the Council of Ministers of Italy.

Duties

The main duties of the authority are:

Powers

The Authority in such cases may conduct investigations or hearings, even with the Guardia di Finanza at his disposal, which may result in a warning or an administrative penalty.

Presidents

The Italian Competition Authority is led by a Presidents. In its history the following individuals have held this function:[3]

References

  1. ^ Law №287 of 10 October, 1990 (The Competition and Fair Trading Act) Archived December 10, 2000, at the Wayback Machine
  2. ^ Article 10(7-bis) of Law 287/90 as amended by article 1(69) of Law no. 266 of 2005.
  3. ^ "I precedenti collegi" (in Italian). Italian Competition Authority. Archived from the original on 26 February 2019.