Header Background



Autorità per l’Energia Elettrica e il Gas (Electricity and Gas Authority).


Cassa Depositi e Prestiti S.p.A.

Code of Corporate Governance

The self-regulatory code of corporate governance for listed companies most recently approved in December 2011 by the Corporate Governance Committee, available at the folowing website (http://www.borsaitaliana.it/borsaitaliana/regolamenti/corporategovernance/corporategovdec2011.en_pdf.htm).


Commissione Nazionale per le Società e la Borsa (the Italian Securities and Exchange Commission).

Consolidated Law on Finance (or “TUF”)

Legislative Decree No. 58 of 24 February 1998, as amended and supplemented.

Consolidated Unbundling Act (or “TIU”)

Annex A) to Electricity and Gas Authority Resolution No. 11 of 2007, as amended and supplemented.

Controlled Companies

The following subsidiaries of Snam:

  • GNL Italia S.p.A., Snam Rete Gas S.p.A., Società Italiana per il Gas per azioni (Italgas), Stoccaggi Gas Italia S.p.A. (Stogit), known collectively as the “Direct Controlled Companies”.
  • Compagnia Napoletana di Illuminazione e Scaldamento col Gas S.p.A. – Napoletanagas, Servizi Territori Aree Penisole S.p.A. - Seteap.

Directive 2009/73/EC

Directive of the European Parliament and Council of 13 July 2009 relative to common rules for the internal natural gas market and which replaces the previous Directive 2003/55/EC.


Eni S.p.A.

Executive Responsible for preparing corporate accounting documents

Executive responsible for preparing corporate accounting documents pursuant to Article 154-bis of the TUF.

External Auditors

Reconta Ernst & Young S.p.A.



Issuer Regulations

Regulation implementing Italian Legislative Decree No. 58 of 24 February 1998, concerning the discipline of issuers (adopted by Consob under resolution No. 11971 of 14 May 1999 as amended and supplemented).

Law No. 56 of 11 May 2012

the conversion into law, with amendments, of Decree Law 21/2012 concerning rules on special powers over shareholder structures in the defence and national security sectors, as well as in relation to activities of strategic importance in the energy, transport and communications sectors.

Legislative Decree No. 93 of 1 June 2011

concerning the “Implementation of Directives 2009/72/EC, 2009/73/EC and 2008/92/EC concerning common rules for the internal market in electricity and natural gas and a Community procedure to improve the transparency of gas and electricity prices charged to industrial end-users, repealing Directives 2003/54/EC and 2003/55/EC”.


Mercato Telematico Azionario organised and managed by Borsa Italiana S.p.A.

Prime Ministerial Decree of 25 May 2012

prime minister’s decree concerning “Criteria, terms and conditions for the adoption by Snam S.p.A. of the ownership unbundling model pursuant to Article 15 of Law No. 27 of 24 March 2012”.

Regulations on Related-Party Transactions

regulations issued by Consob with Resolution No. 17221 of 22 March 2010, as amended and supplemented, on the subject of transactions with related parties.


This report on corporate governance and ownership structure pursuant to Article 123-bis of the TUF.

Resolution ARG/com 153/11

Electricity and Gas Authority resolution concerning “Regulations for procedures to certify companies acting as operators of natural gas transportation or electricity transmission systems”.

Snam (or the “Company”)

Snam S.p.A.

The Company’s website


Unbundling Regulations

European and national provisions on functional and/or ownership unbundling that apply to all operators in the electricity and natural gas sectors.

Supervisory Body

Supervisory body set up pursuant to Legislative Decree No. 231 of 8 June 2001.

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