Conflict of interest: those who carry out government activities will no longer be able to deal with their economic interests but will have to entrust any activity connected to their activities to a manager, remaining completely unaware of it. In practice it is the so-called "blind trust". This is foreseen in the consolidated text developed by the Constitutional Affairs commission of the Chamber and which will be the reference basis for parliamentary discussions.
In practice, anyone who assumes government positions (President of the Council of Ministers, Vice Presidents, Ministers and Deputy Ministers, Undersecretaries and Extraordinary Commissioners) will have the obligation to refrain from participating in any decision that may specifically affect their own financial situation or that of their unmarried spouse. legally separated or of one's relatives or in-laws within the second degree, or of other subjects linked to them by patrimonial interest relationships or of people permanently cohabiting with them not for the purpose of domestic work, bringing them a significant and different economic advantage compared to that of the generality of the addressees of the provision.
But what can create a conflict of interest? The ownership, possession or in any case the availability, even abroad, of real estate and movable assets. And precisely to avoid the emergence of conflicts of interest, the text drawn up in Montecitorio envisages a commission which will be able to identify a manager (chosen among banks, savings management companies and securities brokerage companies) to whom to entrust the assets. The manager is required to administer the assets assigned to him with the diligence required by the nature of the assignment and by his specific skills, also preparing for this purpose, unless otherwise agreed between the parties, suitable insurance guarantees.
But in any case, it cannot in any way communicate to the holder of the government office, not even through a third party, the nature and extent of the individual investments and divestments, nor consult him regarding management. Only within 30 days from the date of termination of the government office will it be able to provide the interested party with a detailed accounting report of the management. If the manager fails to fulfill these obligations, a penalty equal to a minimum of five percent of the managed assets and a maximum of ten percent of the same is applied.
