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ARTICLE · 24 NOVEMBER 1995

Enabling Act for Italian Energy and Telecommunications Regulatory Authorities

ItalyWealth Management
As reported in a separate entry on this database, the Italian Parliament has approved a Legislative Decree creating an Electric and Gas Authority (the "Energy Authority") and mandating the creation of a Telecommunications Authority. The Decree was enacted as Law no. 481 of November 14, 1995 ("Law 481/1995"). Law 481/1995 creates the framework for both Authorities, and sets up the Energy Authority in its second Chapter. However, a number of laws, decrees, and regulations, which Law 481/1995 orders to be issued within specified time limits, must be promulgated before the Authorities become fully operable.

The following legislation must still be enacted with regard to both Authorities: legislation to establish a Telecommunications Authority; legislation to define public needs in the utilities sector and national development goals; and regulations to transfer powers to the Authorities now vested in other agencies, and not provided for in Law 481/1995. For the Energy Authority alone,

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