Article 1 — Purpose and scope

1.1. These Regulations govern the establishment, organisation and activities of the Medici Diplomatic Missions for Tuscany established in foreign countries, as well as the relations among the Casa Granducale Medicea di Toscana, the Associazione Internazionale Medicea, the Grand Ducal Nunciature, the Medici Magistracies, the Ambassadors, the Honorary Consuls, the Vicars and the other authorised members.

1.2. Each national Mission adopts these Regulations as its general governing rules. Individual agreements may specify their application, but may not derogate from the principles of transparency, centralised collection, confidentiality, traceability and separation of functions without the Association’s express written authorisation.

1.3. The diplomatic and consular designations used within the Medici system identify honorary offices internal to the Grand Ducal House and do not confer diplomatic or consular status recognised by international law or by States.

Article 2 — Essential definitions

2.1. For the purposes of these Regulations: “Grand Ducal House” means the Casa Granducale Medicea di Toscana; “Association” means the Associazione Internazionale Medicea; “Mission” means the Medici Diplomatic Mission for Tuscany established in a given foreign country; “Regulations” means this document; “competent Magistracy” means the Medici Magistracy for Art and Environment or another Magistracy entrusted with the relevant matter; “Supreme Magistrate” means the central officer responsible for coordinating the network of Magistracies and Vicars; “Bulletin” means the Official Investment Opportunities Bulletin; and “member” means an Ambassador, Honorary Consul, Vicar or other person formally admitted to the Mission.

2.2. “Medici Humanistic District” means the Tuscan territorial area entrusted to the representation of an Ambassador and to the local research of a Vicar, whose boundaries are identified pursuant to Article 10-bis. “Humanistic Fiefdom” means the territorial, property, cultural, energy and entrepreneurial project governed by the instruments of the Grand Ducal House.

2.3. “Master” means the “International Executive Master in Civic Humanism, Territorial Leadership and Humanistic Project Design”, with a total duration of one hundred and eighty hours, promoted by the Medici Humanistic Academy and open to all. The first part of the Master, lasting ninety-six hours, constitutes one of the eligibility pathways provided for access to the offices of Medici Vicar and Medici Ambassador.

2.4. “Official Master Handbook” means the Official Master Handbook approved by the Medici Humanistic Academy, containing the principles, method, educational rules and academic and disciplinary obligations of the Master.

2.5. “Authorised institutional collaborator” means a person to whom the Association has entrusted, by a specific written individual agreement, the task of researching, identifying, presenting and assisting candidates, with express regulation of the activities, basis of calculation, conditions for accrual and any remuneration recognised pursuant to Article 17.

Article 3 — Operating principles

3.1. The Missions operate according to the principles of dignity, loyalty, integrity, cooperation, reciprocity, confidentiality, traceability and service to the territory.

3.2. The method of the Continuing Renaissance requires individual qualities to be placed in cooperation with culture, the economy, institutions and communities, so that personal prestige does not remain isolated or become used in a merely individualistic manner.

3.3. Every member must at all times distinguish honorary offices from remunerated professional activities, donations from commercial fees, and institutional introductions from activities reserved to qualified professionals.

Article 4 — Casa Granducale Medicea di Toscana

4.1. The Grand Ducal House defines the historical, cultural and institutional guidelines of the project, confers dignities, titles and internal offices, and supervises the consistency of the Missions with the Manifesto of the Continuing Renaissance.

4.2. Admission to Florentine Citizenship, inscription in the Cittadinario, recognition of the dignity of Noble of Florence, appointment of Ambassadors, conferral of the internal title of Honorary Consul and dispensations relating to Humanistic Fiefdoms remain within the exclusive authority of H.R.H. the Grand Duke.

4.3. No body of the Mission may promise or guarantee in advance the exercise of those prerogatives.

Article 5 — Associazione Internazionale Medicea

5.1. The Association constitutes the central administrative and contractual structure of the Missions.

5.2. It enters into appointments and engagements; receives and accounts for donations, commissions and contributions; maintains the registers; organises the central premises of the Nunciature; supports the Administrative Secretariat, the Supreme Magistrate, the Grand Ducal Nuncio and general and representation expenses; pays the contributions due to the Grand Ducal House for the authorised use of the Medici name and identity; recognises and pays, within the limits of written individual agreements, remuneration to authorised institutional collaborators; and allocates the shares due to members in accordance with these Regulations.

5.3. All financial relations with investors, promoters and members of the network must be conducted through the Association, unless otherwise authorised in writing.

Article 6 — Grand Ducal Nunciature and Grand Ducal Nuncio

6.1. The Grand Ducal Nunciature constitutes the central headquarters for the international coordination of the Missions.

6.2. The Grand Ducal Nuncio develops institutional relations, facilitates high-level introductions, lends prestige and international continuity to the network and cooperates with the Chief Ambassadors without replacing their national functions.

6.3. The expenses of the Nunciature and any allowances or reimbursements of the Nuncio are borne by the Association’s central share in accordance with the approved budget.

Article 6-bis — Administrative and legal seat and operational premises of the Missions

6-bis.1. The administrative and legal seat of the Associazione Internazionale Medicea and of all Medici Diplomatic Missions for Tuscany established in foreign countries is single, centralised and located at Borgo Santi Apostoli No. 12, Florence.

6-bis.2. Administrative and contractual instruments, accounting, central registers, document retention, official communications and all other formalities relating to the Association and the Missions are centralised at that seat, except where otherwise provided by applicable law or by specific acts of the Association.

6-bis.3. Each national Mission may have operational and representative premises in the foreign country in which it operates, primarily intended to host the Mission’s convivial and cultural activities, meetings with members and guests, and the individual representative activities of the Ambassadors.

6-bis.4. The operational premises are selected by the Chief Ambassador, subject to prior notice to the Association, preferably at a prestigious hotel in the city designated as the seat of the individual Mission or at another location considered suitable in terms of dignity, security, functionality and consistency with the institutional purposes.

6-bis.5. The foreign operational premises do not constitute an autonomous legal or administrative seat, do not acquire separate legal personality and may not be presented as diplomatic or consular premises recognised by the host State.

6-bis.6. The Chief Ambassador may not, in the name of the Association or the Grand Ducal House, assume obligations relating to the lease, continuous use, personnel, services or expenses of the operational premises without the Association’s prior written authorisation. Authorised expenses are borne in accordance with the Mission’s budget and available funds.

Article 7 — Chief Ambassador of the national Mission

7.1. The Chief Ambassador directs, coordinates and internally represents the national Mission, promotes the selection of Ambassadors and Honorary Consuls, maintains relations with the Association, the Nunciature and the Magistracies, and develops relations with distinguished persons in his or her country.

7.2. The Chief Ambassador undertakes to exercise the office in accordance with these Regulations, to supervise the conduct of members and promptly report breaches, conflicts of interest or improper use of Medici designations.

7.3. The Chief Ambassador may not assume obligations in the name of the Association or the Grand Ducal House without prior written authorisation.

7.4. Professional activities separately performed by the Chief Ambassador may be remunerated only in accordance with these Regulations and the relevant individual agreement.

7.5. The office of Chief Ambassador may be conferred only upon a person who possesses the personal requirements and at least one of the eligibility requirements prescribed for Medici Ambassadors by Articles 8 and 13.9.

Article 8 — Medici Ambassadors of the Districts

8.1. Access to the office of Medici Ambassador is reserved to Nobles of Florence and Medici Honorary Consuls who possess at least one of the eligibility requirements set out in Article 13.9. Appointment remains subject to the assessment and formal act of the competent Medici authorities.

8.2. Medici Ambassadors are Nobles of Florence entrusted with the representation of a specific Humanistic District of Tuscany. Within the internal Medici order, the historical jurisdiction of a Vicarial District may be assigned exclusively to a Medici Ambassador.

8.3. They acquire knowledge of the history and present life of the District, cooperate with the local Vicar, promote cultural and economic relations, identify qualified investors and assist relationships until they mature.

8.4. Among the foreign members of the Missions, only Medici Ambassadors may accrue professional remuneration and economic shares relating to investments in accordance with these Regulations and the relevant individual agreements. This is without prejudice to the separate provisions concerning Vicars, Magistracies and the central structure, as well as remuneration for the research and assistance of candidates that may be recognised to authorised institutional collaborators pursuant to Article 17.

8.5. Medici Ambassadors and Medici Vicars, as well as candidates for investiture of a Humanistic Fiefdom who have appointed a feudal Vicar or Pro-Vicar possessing one of the requirements set out in Article 13.9(a), (b) or (c), are the only persons who may be admitted to the grant of a Humanistic Fiefdom and the consequent recognition of an internal feudal dignity, subject to the conditions and priorities laid down in Article 30.

Article 9 — Medici Honorary Consuls, founding categories and investors

9.1. The first level of admission to the Mission for all candidates is that of Medici Honorary Consul, completed through payment of the fixed Historical Community Tax provided for in Article 14 and the adoption of the relevant instruments. The status of Honorary Consul alone does not confer founding status in the Mission.

9.2. Following a favourable assessment, payment of the Historical Community Tax and completion of the institutional instruments, all Medici Honorary Consuls are admitted to Florentine Citizenship, receive the dignity of Noble of Florence and are entitled to inscription in the Medici Golden Book “Il Cittadinario”, pursuant to Article 14.

9.3. All Consuls are entitled to participate in the associative, cultural, institutional, convivial and representative life of the Mission, within the limits established by the implementing instruments and the decisions of the competent bodies.

9.4. All Consuls may participate, exclusively as investors or co-investors, in ordinary opportunities previously registered, reviewed and published in the Bulletin. Access to restricted opportunities is permitted only to Consuls who have acquired, through the supplementary Founding Donation provided for in Article 15, the minimum category indicated in the relevant information sheet.

9.5. Consuls do not participate in the planning, direction or management of the territorial activities of the Districts and may not receive appointments representing Vicarial Districts, Captaincies, Podesterie or other historical jurisdictions, including minor ones.

9.6. The office of Honorary Consul, as such, confers no automatic entitlement to commissions, professional remuneration, referral shares or payments generated by the network. The only exception is any remuneration for separate activities involving the research and assistance of candidates where the Consul has previously been appointed as an authorised institutional collaborator by a specific written individual agreement pursuant to Article 17. Such remuneration does not derive from the consular title. The Consul may also obtain the economic results associated with investments made personally or through vehicles attributable to the Consul.

9.7. The Master is open to all pursuant to Article 16.4. Any Consul may attend it and, after successfully completing the first part of ninety-six hours, acquires the eligibility requirement referred to in Article 13.9(a). The further eligibility pathways provided for in Article 13.9(b), (c) and (d) remain available. Possession of one of the requirements permits the person to be considered for appointment as Medici Vicar or Medici Ambassador, but does not automatically result in appointment or assignment of a District.

9.8. The designation of Medici Honorary Consul constitutes an internal, cultural and honorary title of the Grand Ducal House and does not imply any State consular function, public authority or administrative competence recognised by the legal order of the Italian Republic or by the host State.

Article 10 — Vicars of the Districts and eligibility requirements

10.1. The Vicars constitute Tuscany’s local territorial network and carry out stable and proactive research into opportunities within the District.

10.2. They identify, document and preliminarily qualify assets, businesses, projects and counterparties; maintain local relations; complete the information sheets; transmit opportunities to the competent Magistracy; and assist with visits and territorial phases.

10.3. Vicars do not directly sell opportunities, raise capital or carry out regulated activities of brokerage, financial advice or placement.

10.4. New appointments as Medici Vicar are reserved to Nobles of Florence and Medici Honorary Consuls who possess at least one of the eligibility requirements set out in Article 13.9. Appointment remains subject to the assessment and formal act of the competent Medici authorities.

10.5. Medici Vicars and Medici Ambassadors, as well as candidates for investiture of a Humanistic Fiefdom who have appointed a feudal Vicar or Pro-Vicar possessing one of the requirements set out in Article 13.9(a), (b) or (c), may be admitted to the grant of a Humanistic Fiefdom and recognition of the related internal feudal dignity pursuant to Article 30.

Article 10-bis — Historical boundaries, territorial jurisdictions and Fiefdoms

10-bis.1. For the purposes of these Regulations and the internal Medici order, the territorial boundaries of each Medici Humanistic District are identified in the maps prepared in 1758 by Ferdinando Morozzi by order of the Council of Regency and preserved in the State Archives of Florence (ASF), Council of Regency fonds, file No. 196, insert 4.

10-bis.2. For the Florentine State, the corpus comprises twenty-five maps representing the Vicarial Districts historically subject to the jurisdiction of the four Commissariats and the Florentine Senate, divided as follows: (a) Commissariat of Florence: eight Vicarial Districts; (b) Commissariat of Pisa: seven Vicarial Districts; (c) Commissariat of Arezzo: six Vicarial Districts; and (d) Commissariat of Pistoia: four Vicarial Districts. The total for the Florentine State is therefore twenty-five Vicarial Districts.

10-bis.3. For the Sienese State, the corpus comprises seven maps representing the seven Vicarial Districts historically subject to the jurisdiction of the Commissariat and the Senate of Siena.

10-bis.4. The Morozzi maps constitute the cartographic and historical reference for delimiting the Districts, assigning their respective territorial designations and identifying the historical jurisdictions contained within them.

10-bis.5. The minor jurisdictions of the Medici period shown on the maps, known as Podesterie, and the major jurisdictions, known as Captaincies, retain historical and organisational value within the internal Medici order. Any representation or coordination function relating to them may, by specific act, be entrusted exclusively to a Medici Ambassador or a Medici Vicar appointed in accordance with the requirements of Article 13.9 and may not be assigned to a Medici Honorary Consul merely in that capacity.

10-bis.6. The historical jurisdiction of a Vicarial District is reserved exclusively to Medici Ambassadors. Entrusting internal functions relating to a Podesteria or Captaincy confers no public authority and remains subject to the instruments of the Grand Ducal House and the coordination of the Supreme Magistrate.

10-bis.7. The internal functions of Commissioner of the historical Commissariats remain reserved to the Counsellors of the Supreme Magistrate appointed in accordance with the instruments of the Grand Ducal House. Those functions include coordinating the historical jurisdictions and the network of Vicars falling within the respective area.

10-bis.8. The sixty Fiefdoms shown in the cartographic corpus are assigned to the Grand Ducal Chamber. They may be granted exclusively to holders of the office of Medici Ambassador or Medici Vicar, as well as to candidates for investiture who have appointed a feudal Vicar or Pro-Vicar possessing one of the requirements set out in Article 13.9(a), (b) or (c), subject to the conditions laid down in Article 30. Direct descent from the fief-holding families at the date of the historical suppression of the Fiefdom may constitute a preferential factor, but does not replace possession of the requirements prescribed by these Regulations.

10-bis.9. The reactivation, assignment and representation of the historical jurisdictions provided for in this Article are exclusively internal, cultural, honorary and organisational in nature. They confer no public powers, territorial administrative functions, sovereign rights or competences belonging to the State, the Regions, local authorities or other public authorities.

Article 11 — Medici Magistracies and Supreme Magistrate

11.1. The Medici Magistracy for Art and Environment and the other competent Magistracies select, review and organise opportunities, coordinate qualified professionals and assist the Mission in developing projects.

11.2. The Supreme Magistrate directs and coordinates the network of Magistracies and Vicars, administers the Bulletin and the lists of interested parties, grants internal priority, monitors the progress of negotiations and reports to the Association.

11.3. The internal functions of Commissioner of the historical Commissariats are exercised exclusively by expressly appointed Counsellors of the Supreme Magistrate, who are responsible for coordinating the jurisdictions and Vicars within the relevant territorial area.

11.4. The Supreme Magistrate, Counsellors serving as Commissioners and members of the Magistracies must abstain whenever they have a personal, professional or economic interest in the transaction, except where specific authorisations are granted from time to time by H.R.H. the Grand Duke to meet contingent needs.

Article 12 — Administrative Secretariat and central registers

12.1. The Administrative Secretariat manages official communications and the registers of candidates, referrers, individual agreements and remuneration relating to the research and assistance of candidates, Historical Community Taxes, Founding Donations, opportunities, expressions of interest, priorities and investment commissions.

12.2. Relevant communications must be made through the official addresses specified by the Association. Informal or oral messages confer no priority or financial rights.

12.3. The registers are confidential and accessible only to the extent necessary for the performance of the relevant functions.

Article 13 — Common admission to the Mission, founding status and progression to operational offices

13.1. The first and necessary level of admission to the Mission for all candidates is that of Medici Honorary Consul. Following a favourable assessment, the process is completed through payment of the fixed Historical Community Tax of EUR 5,000 provided for in Article 14 and the adoption of the relevant institutional instruments.

13.2. Pursuant to Article 14, the Historical Community Tax gives access to Florentine Citizenship, the hereditary dignity of Noble of Florence, the internal title of Medici Honorary Consul and the right to inscription in the Cittadinario, but does not confer founding status in the Mission.

13.3. A Consul who wishes to obtain founding status chooses one of the categories indicated in Article 15 and pays, in addition to the Historical Community Tax, the corresponding supplementary Mission Founding Donation, intended exclusively to support the Mission.

13.4. A founding category creates no higher or lower degree of Citizenship or nobility and does not, in itself, confer operational offices or territorial powers; it records only the supplementary level of support undertaken toward the Mission and determines possible access to investment opportunities reserved to the relevant category.

13.5. All Consuls participate in the associative, cultural, institutional, convivial and representative life of the Mission and may participate, exclusively as investors or co-investors, in ordinary opportunities published in the Bulletin even when they have not acquired founding status.

13.6. Certain opportunities of particular value, complexity or institutional significance may, in the relevant Bulletin information sheet, be reserved to Consuls belonging to specified founding categories. The minimum category constitutes an eligibility requirement and does not alter the chronological order of expressions of interest.

13.7. Consuls do not participate in the planning or management of the territorial activities of the Districts and do not receive appointments representing Vicarial Districts, Captaincies, Podesterie or other historical jurisdictions.

13.8. Consuls, solely by virtue of holding office, are not entitled to commissions, professional remuneration or economic shares generated by the network. They participate in investments exclusively on their own account or through vehicles attributable to them. This is without prejudice to possible remuneration for separate activities involving the research and assistance of candidates, exclusively where the Consul acts as an authorised institutional collaborator under a specific written individual agreement pursuant to Article 17.

13.9. Access to the offices of Medici Vicar and Medici Ambassador is reserved to Nobles of Florence and Medici Honorary Consuls who possess at least one of the following requirements:

a) abbiano superato la prima parte, della durata di novantasei ore, del Master esecutivo internazionale in Umanesimo Civile, leadership territoriale e progettazione umanistica promosso dall’Accademia Umanistica Medicea;

b) pur non avendo frequentato il Master, abbiano superato la prova individuale di idoneità basata sulla conoscenza del Manuale ufficiale del Master medesimo, secondo le modalità stabilite dall’Accademia Umanistica Medicea;

c) siano in possesso di comprovati requisiti personali, professionali oppure attitudinali e siano stati giudicati idonei dal Magistrato Supremo dell’Ordinamento Civico Mediceo;

d) siano candidati all’investitura di un Feudo Umanistico e abbiano nominato un Vicario feudale oppure un Pro-Vicario in possesso di uno dei requisiti previsti dalle lettere a), b) o c).

13.10. Possession of one of the requirements listed in paragraph 13.9 gives eligibility to be considered for appointment, but does not automatically result in conferral of the office, assignment of a District or attribution of a historical jurisdiction. For candidates referred to in point (a), completion of the remaining eighty-four hours of the Master remains governed by the programme and the educational obligations established by the Medici Humanistic Academy.

Article 14 — Historical Community Tax, Florentine Citizenship and nobility

14.1. The Historical Community Tax is fixed at EUR 5,000 and is payable by each candidate as a mandatory institutional requirement for completion of admission to Florentine Citizenship, recognition of the dignity of Noble of Florence and conferral of the internal title of Medici Honorary Consul.

14.2. It constitutes the contemporary form of the contribution formerly required for admission to Florentine Citizenship and, under this Programme, replaces the historical Community Tax of 600 scudi, taken as a historical and representative benchmark equivalent to approximately EUR 600,000. The historical amount is not carried over unchanged into the present because the former Citizenship could, following selection, provide access to remunerated public offices and sometimes diplomatic service, benefits not connected with the present internal and honorary recognitions.

14.3. The Historical Community Tax does not constitute the commercial price of the dignity or title, but an institutional requirement following the favourable assessment of the candidate and necessary for completion of the relevant instruments. Payment alone creates no automatic right before completion of the institutional procedures and continued satisfaction of the personal and reputational requirements.

14.4. The Historical Community Tax finances the Florentine Community, the Grand Ducal House, the Cittadinario, historical, cultural and institutional activities, research, publications and projects connected with Florentine and Medici civic identity. From the gross amount actually collected, only remuneration authorised pursuant to Article 17 and directly connected tax, administrative or collection charges may be deducted; the remaining net amount retains the exclusive destination stated above. The Tax is accounted for separately from the Mission Founding Donation and may not be allocated to the operating expenses of the national Mission.

14.5. Following a favourable assessment, payment of the Tax and adoption of the relevant instruments, the candidate is admitted to Florentine Citizenship, receives the dignity of Noble of Florence and the internal title of Medici Honorary Consul. The noble dignity is transmissible to male descendants without limit of degree and to female descendants for one generation only, according to the instruments of recognition and the rules of the internal Medici order.

14.6. All Consuls are entitled to inscription in the Medici Golden Book “Il Cittadinario” of the noble families of Florence, subject to the requirements of the law of 31 July 1750 on Florentine nobility and citizenship, which the Grand Ducal House recognises as still valid within its internal order. All receive the same Citizenship and the same dignity, irrespective of any founding category subsequently acquired.

14.7. The Citizenship, noble dignity, consular title and inscription in the Cittadinario governed by this Article belong to the internal Medici order and confer no public powers, civil privileges, administrative functions or diplomatic or consular status recognised by the State.

Article 15 — Founding categories and Mission Founding Donation

15.1. The Mission Founding Donation is a supplementary contribution voluntarily undertaken by a Medici Honorary Consul who wishes to obtain one of the founding statuses indicated in the Scale. It is always separate from and additional to the mandatory Historical Community Tax provided for in Article 14.

15.2. The Founding Donation is intended for the organisation and development of the Mission, including its operational premises, secretariat, institutional communications, events, international initiatives, support for the Ambassadors and development of the Districts. From the gross amount actually collected, only remuneration authorised pursuant to Article 17 and directly connected tax, administrative or collection charges may be deducted; the remaining net amount retains its exclusive destination to the Mission. It is not intended for the Florentine Community, the Grand Ducal House or the Cittadinario, for which the Historical Community Tax is reserved.

15.3. Recognition of the founding category may be completed only after a positive assessment of the candidate and actual and definitive payment of the supplementary Donation. The Donation creates no automatic entitlement to appointment or conferral of operational offices and does not replace the requirements under Article 14.

Scale of the Mission founding categories and supplementary Founding Donation

15.4. The indications in the column “Indicative recognition and access” describe the Consul’s overall status after completion of both the Historical Community Tax and the Founding Donation. References to Florentine Citizenship, the dignity of Noble of Florence and the Cittadinario are not independent effects of the Founding Donation, but presuppose separate compliance with Article 14.

15.5. All categories indicated in the Scale are founding categories and the corresponding status remains irrespective of any offices subsequently held. A Consul who does not make a Founding Donation does not acquire founding status, but retains the rights of associative and cultural participation and access to ordinary opportunities provided for in Articles 9 and 13. Access to a restricted opportunity requires the minimum category indicated in the Bulletin and confers no automatic priority.

15.6. The amounts indicated constitute the Programme’s current Scale. Any amendments require a formal revision of the Regulations and have no retroactive effect on candidates already registered, Donations already completed or access rights already acquired. Position in negotiations remains in all cases determined by the chronological and procedural rules of Articles 26 et seq.

Article 16 — Identification and assessment of candidates

16.1. The Mission seeks distinguished men and women not merely for wealth, professional success or visibility, but for personal value, integrity, generosity, cultural sensitivity, maturity and the ability to place their talents at the service of a shared purpose.

16.2. The presentation includes the initial assessment of the profile; explanation of the Manifesto, the common consular admission pathway, the mandatory Historical Community Tax, the separate and optional Founding Donation, the effects relating to Citizenship and nobility, the methods of participation in investments and the different methods for establishing eligibility for the offices of Medici Vicar or Medici Ambassador provided for in Article 13.9. The candidate must be clearly informed that any remuneration recognised to an institutional collaborator relates exclusively to research and assistance activities and in no way affects the assessment, admission or conferral of dignities, titles and offices.

16.3. The person who first reports the candidate in writing and obtains recognition from the Association is registered as the referrer. Referral, presentation and assistance of the candidate retain an institutional nature. They may be remunerated only where entrusted to an authorised institutional collaborator by a specific written individual agreement, previously recognised by the Association and compliant with Article 17. Registration as referrer does not, by itself, confer any economic right.

16.4. The International Executive Master in Civic Humanism, Territorial Leadership and Humanistic Project Design promoted by the Medici Humanistic Academy is open to all, irrespective of the status of Noble of Florence or Medici Honorary Consul. Admission is subject to any academic and language requirements established by the Academy, continued satisfaction of personal and reputational requirements and acceptance of the educational and disciplinary obligations. Participation in the Master does not, in itself, confer the status of Noble of Florence or Medici Honorary Consul, nor does it permit access to offices in the absence of the personal requirements set out in Article 13.9.

Article 17 — Centralised collection and remuneration for candidate research and assistance

17.1. The Historical Community Tax and Mission Founding Donations are collected exclusively by the Association and accounted for separately according to their respective nature, destination and documentary basis.

17.2. The Association may recognise to the Chief Ambassador, Medici Ambassadors or other authorised institutional collaborators gross remuneration for the actual, personal and documented activity of researching, identifying, preliminarily qualifying, presenting, introducing and continuously assisting candidates. Merely holding an office, title or dignity confers no automatic entitlement to remuneration.

17.3. Remuneration may be recognised only by a specific written individual institutional agreement signed by the Association and the collaborator. The agreement must state at least the activities entrusted, methods for registering candidates, basis of calculation, percentage or amount, conditions for accrual, confidentiality obligations, reporting, tax obligations and grounds for reduction or repayment.

17.4. The remuneration compensates exclusively the professional and relational activity of researching and assisting the candidate. It does not constitute, even indirectly, a share in the conferral of Florentine Citizenship, the dignity of Noble of Florence, the title of Honorary Consul, an operational office or a founding status, and may not be presented as the price, reward or consideration for such recognitions.

17.5. The remuneration does not depend on the outcome of the candidate’s personal assessment and may not be increased, reduced or promised according to a favourable assessment. The collaborator acquires no power of decision, influence, guarantee or promise concerning admission, conferral of dignities and titles, founding category or subsequent appointment to operational offices, all of which remain reserved to the competent bodies.

17.6. Entitlement to remuneration accrues only after the Association has actually and definitively collected the Historical Community Tax or Founding Donation on which it is calculated. In the absence of collection, no remuneration is due even where the research or assistance activity has been performed. Collection constitutes the economic condition for accrual and not remuneration of the institutional outcome of the candidacy.

17.7. The individual agreement may establish different percentages or amounts for the Historical Community Tax and the Founding Donation and may limit remuneration to candidates previously registered or expressly recognised. Each percentage is calculated on the gross amount actually and definitively collected by the Association, unless a different basis of calculation is expressly agreed.

17.8. The collaborator may not request or receive sums directly from the candidate. Payment of remuneration is made exclusively by the Association, within the period established by the individual agreement and after receipt of an appropriate tax document. Refunds, reversals, revocations or total or partial repayments of contributions result in a proportional reduction or repayment of the remuneration.

17.9. The remuneration governed by this Article remains separate from commissions relating to investments. It may coexist with a subsequent commission on an independent investment only where the two remunerate different activities that have actually been performed and documented, without duplication and in compliance with the applicable agreements.

17.10. Communication to the candidate must clearly separate the personal assessment, institutional contribution, Founding Donation and any remuneration of the collaborator. No collaborator may state or imply that the candidate’s payment or the collaborator’s remuneration guarantees a favourable outcome.

Article 18 — Separate accounting and communication to candidates

18.1. The Historical Community Tax, Mission Founding Donation, any Master enrolment fees, remuneration recognised to institutional collaborators for researching and assisting candidates, professional commissions relating to investments and other fees must be separately identified and accounted for, without mixing their respective nature, bases of calculation and destinations.

18.2. Every candidate receives clear communication concerning the mandatory nature and destination of the Historical Community Tax, the optional and supplementary nature of the Founding Donation, the effects of any category chosen, the methods of participation in investments and the absence of automatic effects with respect to subsequent operational offices. Where a remunerated institutional collaborator exists, it must also be made clear that the remuneration relates exclusively to research and assistance activities and does not represent a share in the title, dignity or outcome of the candidacy.

18.3. A favourable assessment does not complete admission, Citizenship, dignity or the consular title until the Historical Community Tax has been paid and the required instruments have been completed. Founding status separately requires payment of the corresponding Founding Donation. Every payment remains subject to continued satisfaction of the personal and reputational requirements. The existence or amount of remuneration recognised to a collaborator may not influence the assessment or decisions of the competent bodies.

18.4. Any Master enrolment fee is separate from both the Historical Community Tax and the Founding Donation. Participation in and payment for the Master do not guarantee successful completion of the educational assessments, acquisition of eligibility or subsequent appointment as Medici Vicar or Medici Ambassador. Successful completion of the first ninety-six-hour part constitutes only one of the alternative requirements provided for in Article 13.9.

18.5. The Association separately retains the documentation relating to registration of the candidate, institutional assessment, payments received and any collaboration agreement, so that the independence between the admission procedure and the economic relationship with the collaborator may be verified.

Article 19 — Guarantee of network operation

19.1. The Association activates the Medici Magistracy for Art and Environment, the other competent Magistracies, the Vicars and the associated professional structures so that concrete opportunities may be sought, selected and presented in Tuscany and, where relevant, in the country of the Mission.

19.2. The Chief Ambassador presents opportunities exclusively to persons possessing adequate financial capacity, reputation and entrepreneurial reliability, avoiding indiscriminate or unauthorised disclosure of information.

Article 20 — Sectors of opportunity

20.1. Opportunities are not limited to Humanistic Fiefdoms and may concern: historic heritage and regeneration; businesses and equity interests; energy, ESCOs, Renewable Energy Communities, storage and microgrids; tourism and hospitality; agriculture and agri-food; craftsmanship, manufacturing, fashion and design; culture, education, research and innovation; the environment, social and healthcare services; infrastructure; and other projects consistent with the humanistic purposes.

20.2. Every opportunity must have an identifiable counterparty, a sufficiently defined subject matter and a genuine willingness to meet investors.

Article 21 — Sources of territorial research

21.1. The Vicars carry out continuous and proactive research, without merely waiting for unsolicited proposals.

• Municipalities and Unions of Municipalities: unused assets, villas, former schools, convents, rural buildings, regeneration projects, energy areas, services and projects lacking funding;
• Single Business Desks (SUAP): business establishments, expansions, industrial properties, tourism facilities, conversions and enterprises interested in international investors;
• Chambers of Commerce, Confindustria, CNA, Confartigianato, Confcommercio, Confesercenti, Coldiretti, Confagricoltura, cooperatives and consortia;
• owners of villas, villages, farms and historic assets, religious institutes, foundations, ecclesiastical bodies, residential care homes, hotels and properties to be converted;
• notaries, accountants, lawyers, architects, engineers, surveyors, asset managers and licensed intermediaries;
• family businesses lacking succession or seeking shareholders, capital, industrial partners, access to Türkiye and other countries in which a Mission exists, or the development of brands and properties;
• calls and programmes of the Region of Tuscany, BURT, ERDF, EAFRD, Chambers of Commerce, Invitalia, GSE, Ministries, the State Property Agency, Municipalities and Provinces;
• auctions, judicial liquidations, arrangements with creditors, extraordinary administrations and sales of businesses or business units;
• universities, foundations, cultural institutions, research centres, incubators and entities operating in the tourism, energy, environmental and technology sectors.

Article 22 — District Register and preliminary information sheet

22.1. Each Vicar maintains a confidential Register divided at least into the following sections: real estate assets; businesses and equity interests; energy and environment; tourism, agriculture and craftsmanship; art; culture, education and innovation.

22.2. For each opportunity, a one- or two-page information sheet is prepared containing, where available: the proposing party; description; location; required investment; form of cooperation sought; documentation; authorisations; contact person; stage of development; critical issues; and compatibility with a Humanistic Fiefdom.

22.3. At least quarterly, the Vicar updates the Magistracy on new opportunities, the status of those already reported and the territorial relationships established.

Article 23 — Preliminary review by the Magistracy

23.1. The Magistracy verifies the existence of the proposing party, the genuine willingness to meet investors, the degree of definition, consistency with the Mission, the minimum documentation and the absence of evident impediments.

23.2. The review does not constitute due diligence or a guarantee of value, feasibility, profitability, authorisability or compliance. Legal, tax, technical, financial, planning and environmental reviews are the responsibility of qualified professionals.

Article 24 — Preliminary assistance

24.1. When a member of the Mission expresses concrete interest, the Association and the network facilitate the first meeting, exchange of documentation, visits, involvement of local institutions, identification of professionals and definition of the subsequent process.

24.2. The network may facilitate expressions of interest, letters of intent, term sheets or preliminary agreements, but assumes no responsibility for the investment decision or completion of the transaction.

Article 25 — Restricted access and Official Bulletin

25.1. Members of the Mission who are in compliance with the applicable obligations may access opportunities generated by the network within the limits of their role. All Medici Honorary Consuls participate exclusively as investors or co-investors and may access ordinary opportunities; access to particular opportunities may be reserved to Consuls holding the minimum founding category indicated in the relevant information sheet.

25.2. The “Official Investment Opportunities Bulletin of the Medici Diplomatic Mission” is hereby established and is published monthly in English on the Mission’s website in a restricted area. Only an index containing no confidential data may appear in the public area.

25.3. The Bulletin presents all opportunities in a uniform manner, specifying a unique code, category, location, indicative investment, form of cooperation, stage of development, available documentation, critical issues, any minimum access category and the deadline for submitting an expression of interest.

25.4. Only opportunities previously registered, reviewed and published in the Bulletin may be handled through the network, except through an extraordinary or restricted section authorised on grounds of urgency.

25.5. No investment outside the Bulletin may be presented to Consuls or other members as a Mission opportunity, nor may it generate internal priority, remuneration or commissions under these Regulations.

Article 26 — Expression of interest and chronological list

26.1. The interested member submits an expression of interest exclusively to the official email address of the Supreme Magistrate, stating the code, identity, any company involved, indicative financial capacity, intended form of participation, partners and acceptance of these Regulations.

26.2. The date and time of receipt determine the progressive order on the list of interested parties. Oral communications or communications sent to other persons have no effect.

26.3. Each member is informed of his or her position. The identity of other interested parties may remain confidential until the Magistracy considers it appropriate to disclose it.

Article 27 — Reservation of priority in negotiations

27.1. The first member on the list is granted an internal Reservation of Priority for a maximum period of three months.

27.2. During that period, the Mission does not present the same opportunity to other members for competing negotiations; the holder obtains access to the documentation, meets the promoter, carries out visits and performs preliminary assessments.

27.3. The priority is internal to the Mission and does not limit the freedom of the owner or external promoter, unless that party has signed a separate exclusivity agreement, option or letter of intent.

27.4. Only one renewal for one additional month is permitted. No more than two consecutive periods may be granted, for an ordinary maximum of four months.

Article 28 — Maintenance, renewal and lapse of priority

28.1. The holder may not block the opportunity without genuine activity. Within the first period, the holder must demonstrate access to documents, meetings, preliminary assessments and relevant requests.

28.2. For renewal, the holder must produce a confirmed expression of interest, non-binding proposal, term sheet, letter of intent, due-diligence engagement or other evidence of concrete negotiations.

28.3. Priority lapses in the event of inactivity, expiry, withdrawal, failure to cooperate, unauthorised disclosure, improper direct contact, inaccurate statements, loss of eligibility requirements or instrumental misuse of the position.

28.4. Upon lapse, priority passes to the second person on the list and thereafter to the subsequent persons in progressive order.

Article 29 — Prohibition of internal competition and joint participation

29.1. During the priority period, other members may not initiate parallel negotiations through the Mission, contact the promoter, submit competing offers using information from the network or interfere with the negotiations.

29.2. The first person on the list may authorise the joint participation of other members through co-investment, a project company, consortium, joint venture, industrial partnership or allocation of components.

29.3. Joint participation requires the holder’s consent, approval by the Magistracy, written definition of the roles and acceptance of the commission rules.

29.4. The internal rules do not limit independent offers by persons outside the Mission or public procedures and must not be used to divide markets or enter into anti-competitive arrangements.

Article 30 — Fiefdoms of the Grand Ducal Chamber and access for Ambassadors and Vicars

30.1. The sixty Fiefdoms identified in the Morozzi maps referred to in Article 10-bis are assigned to the Grand Ducal Chamber and may be granted only in accordance with the internal procedures of the Grand Ducal House.

30.2. Medici Ambassadors, Medici Vicars and candidates for investiture of a Humanistic Fiefdom who have appointed a feudal Vicar or Pro-Vicar possessing one of the requirements set out in Article 13.9(a), (b) or (c) may be admitted to the grant and consequent recognition of an internal feudal dignity. Medici Honorary Consuls, merely in that capacity and in the absence of the conditions set out in Article 13.9(d), are not eligible for the grant.

30.3. Direct descent from the fief-holding families at the date of the historical suppression of the Fiefdom may constitute a preferential title where the candidate is a Medici Ambassador, Medici Vicar or satisfies the conditions laid down in Article 13.9(d). Ambassadors representing the District in which the property is located have internal priority, provided they express their interest within the special deadline stated in the Bulletin; any further order of precedence is determined by the Grand Ducal House.

30.4. Eligibility, internal priority or the grant of a fiefdom confer no proprietary rights in the asset, do not replace agreements with the owner and do not guarantee completion of the purchase or investment.

Article 31 — Public opportunities and competitive procedures

31.1. For calls for applications, tenders, concessions, auctions and public procedures, the Bulletin serves an exclusively informative purpose and confers no priority capable of restricting access provided by law.

31.2. Each member participates independently, under his or her own responsibility and in compliance with the rules of the competent authority.

Article 32 — Internal disputes

32.1. A member may challenge his or her position, the grant, renewal, revocation or lapse of priority within seven days of notification.

32.2. The application is decided by the President of the Association after consulting the Magistracy. For dispensations relating to Fiefdoms, the decision of H.R.H. the Grand Duke is final within the internal Medici order.

Article 33 — Success Fee of the Medici Network

33.1. For every investment actually completed through the direct and documentable activity of the network, the Association agrees with the relevant party or parties a Success Fee for the services provided by the Medici network.

33.2. A Commission equal to 2.50% of the investment constitutes only a general estimate and indicative parameter for ordinary transactions; it is not a binding, minimum or maximum rate.

33.3. A higher Commission may be agreed taking into account, among other matters: (a) the value and complexity of the transaction; (b) the preparatory activity required; (c) the number of persons involved; (d) the duration of negotiations; (e) the relationships and resources mobilised; (f) the strategic nature of the investment; and (g) the services actually provided by the network.

33.4. No general maximum cap is established. The actual Commission is determined by a specific written agreement with the party or parties liable for payment, stating the services provided, basis of calculation, amount or rate, conditions for accrual and methods of payment.

33.5. The internal shares provided for in Article 37 are always calculated on the entire amount of the Commission actually received by the Association, even where it exceeds 2.50% of the investment.

33.6. Unless otherwise provided in the written agreement, the Commission accrues pro rata on amounts actually invested or transferred and not on amounts merely announced, planned or not yet paid.

Article 34 — Paying parties and transparent dual remuneration

34.1. The Commission may be charged to a single beneficiary or, under separate engagements and with full mutual disclosure, to both parties to the transaction.

34.2. Where payment is divided between two or more parties, each engagement independently determines the share payable by the relevant payer. The resulting overall amount may be lower than, equal to or higher than the indicative parameter of 2.50% and is not subject to a general maximum cap, provided that it is fully disclosed and accepted in writing by the parties liable for payment.

34.3. Where one party is a public body, no fee is requested in the absence of a lawful award and compliant contract. The Commission may be borne by the investor, project company, concessionaire or private partner.

34.4. Each engagement must specify the services, basis of calculation, rate, accrual and any remuneration received from the other party.

Article 35 — Activation contribution

35.1. For projects requiring significant preparatory work, the Association may request a project activation contribution indicatively ranging from EUR 5,000 to EUR 15,000.

35.2. Unless otherwise agreed, the contribution is credited against the Success Fee if the transaction is completed.

Article 36 — Centralised collection

36.1. Success Fees, project activation contributions and other fees of the network are invoiced and collected exclusively by the Association.

36.2. The Chief Ambassador, Ambassadors, Consuls, Vicars, Magistracies and other members may not request or collect sums directly from the parties unless authorised in writing.

36.3. The Association allocates shares only after collection and against an appropriate tax document.

Article 37 — Ordinary internal allocation

37.1. The Success Fee actually collected is ordinarily allocated as follows:

37.2. The internal percentages indicated in paragraph 37.1 apply to the entire amount of the Commission actually collected, irrespective of its percentage incidence on the investment. By way of example only, where the Commission is equal to 2.50% of the investment, the shares are equivalent to 1.00% of the investment for the central structure, 0.75% for the Ambassador who originated the investor, 0.50% for the Chief Ambassador and 0.25% for the territorial qualifier.

37.3. If a function has not actually been performed, the corresponding share remains with the Association. If several qualified persons perform the same function, the share is divided and not multiplied.

37.4. No share of the Success Fee may be allocated to a Medici Honorary Consul. The Consul’s participation in the transaction remains limited to the capacity of investor or co-investor.

Article 38 — Central share and members of the Magistracies

38.1. The 40% share remains available to the Association to support the central structure. From that share, remuneration, allowances or reimbursements may be paid to the Supreme Magistrate, members of the Magistracies, the Secretariat, the Nuncio and consultants, under written appointments and resolutions.

38.2. When a member of a Magistracy personally performs the function of originating the investor or qualifying the opportunity, the Association may allocate all or part of the corresponding functional share to that member, in substitution for and not in addition to the share of another person.

38.3. No member of the central structure acquires an automatic entitlement to a percentage solely by virtue of holding office.

Article 39 — Remuneration of the Vicar

39.1. The ordinary share for the Vicar is 10% of the entire Commission actually collected by the Association where the Vicar identifies a genuine opportunity, identifies the promoter, verifies willingness to receive investors, completes the information sheet, gathers documents, facilitates the meeting and maintains territorial relations. By way of example only, where the Commission is equal to 2.50% of the investment, that share is equivalent to 0.25% of the investment.

39.2. For a simple general referral, the share may be reduced by prior written determination. For particularly intensive and continuous activity, it may be increased with prior approval through internal reallocation of shares and without changing the overall Commission, unless otherwise agreed in writing with the parties liable for payment.

Article 40 — Remuneration of the introducing Ambassador

40.1. The ordinary share for the Medici Ambassador who identifies and assists the investor is 30% of the entire Commission actually collected by the Association where the Ambassador verifies reputation and financial capacity, explains the opportunity, organises the introduction, assists with meetings and maintains the relationship until the capital is paid. By way of example only, where the Commission is equal to 2.50% of the investment, that share is equivalent to 0.75% of the investment.

40.2. The simple communication of a name by an Ambassador may be remunerated by a reduced share, determined in advance in writing. Where the activity is particularly intensive, continuous and decisive through completion of the investment, the share may be increased by prior written allocation and without duplication.

40.3. Referral or introduction of an investor by a Medici Honorary Consul generates no remuneration, commission or functional share on investments. The only exception is any remuneration pursuant to Article 17 for separate activities involving the research and assistance of candidates performed as an authorised institutional collaborator.

Article 41 — Share of the Chief Ambassador

41.1. The Chief Ambassador is ordinarily entitled to 20% of the entire Commission actually collected by the Association where the Chief Ambassador has personally identified or introduced the investor or has performed substantial and decisive work in establishing, assisting and completing the relationship. By way of example only, where the Commission is equal to 2.50% of the investment, that share is equivalent to 0.50% of the investment.

41.2. If the investor is primarily identified and assisted by another Ambassador and the Chief Ambassador performs only national coordination, the share is ordinarily reduced to 10% of the entire Commission actually collected. By way of example only, where the Commission is equal to 2.50% of the investment, that share is equivalent to 0.25% of the investment. The difference remains with the Association.

41.3. Merely holding the office, without concrete and documentable activity, confers no personal share.

Article 42 — Special commission for a Humanistic Fiefdom

42.1. Where an Ambassador or a Vicar personally carries out an integrated Humanistic Fiefdom project comprising the purchase and restoration of a historic villa or residence and the establishment of an ESCO or other approved project structure, the Association applies the extraordinary Commission of 10 (ten)% of the investment intended to establish the Fiefdom — purchase of the historic villa and establishment of the ESCO — in place of the ordinary Commission governed by Article 33.

42.2. If the Chief Ambassador has played a personal, substantial and decisive role in structuring and assisting the project, a special gross share of up to 1% of the amount actually invested in establishing the Fiefdom may be recognised, in substitution for and not in addition to the ordinary share under Article 41.

42.3. The share accrues pro rata on amounts actually invested and requires the formal commencement of the project through binding instruments recognised by the Association.

Article 43 — Calculation criteria, non-cumulation and multiple roles

43.1. Internal shares are calculated on the entire amount of the Commission actually collected by the Association, whatever the amount or rate agreed with the parties, including where the Commission exceeds the indicative parameter of 2.50% of the investment.

43.2. Shares may not be cumulated for the same function and on the same amount. An Ambassador who invests personally does not receive the share for introducing himself or herself.

43.3. If the Chief Ambassador is also the sole originator of the investor, the 30% share is not automatically due to another Ambassador; the Association determines the allocation by documenting the functions actually performed.

43.4. Investment shares remain separate from the Historical Community Tax, the Mission Founding Donation, any remuneration recognised to authorised institutional collaborators pursuant to Article 17 and Master enrolment fees. Remuneration relating to candidates may coexist with commissions on investments only for separate and documented activities. No investment share may be allocated to an Honorary Consul merely in that capacity.

Article 44 — Conditions for accrual and payment

44.1. Entitlement to a share arises only if the opportunity or investor has been registered in advance, the role has been recognised in writing, the investment has been completed, the amounts have actually been paid and there is a direct and documentable connection with the activity performed.

44.2. The Association reports the relevant collections monthly to the persons entitled. Payment is made within the period provided by the individual agreement, after receipt of the appropriate tax document.

44.3. Refunds, reversals, reductions or repayments of the investment result in a proportional reduction or repayment of the shares.

Article 45 — Confidentiality and access to information

45.1. Information concerning candidates, investors, promoters, projects, documents and negotiations is confidential and may be used only for authorised purposes.

45.2. Access to documentation may be made subject to identification, reputational verification, evidence of financial capacity and execution of a confidentiality agreement.

45.3. It is prohibited to transfer information to outsiders or disclose it indiscriminately.

Article 46 — Non-circumvention

46.1. Information or introductions provided by the network may not be used to complete a transaction directly by circumventing the Association, the Mission, the Magistracy, the Vicar, the introducing Ambassador or other entitled persons.

46.2. The prohibition also applies through controlled companies, family members, nominees, partners or connected persons.

46.3. A breach entails revocation of priorities, suspension from the Bulletin, loss of positions, the obligation to pay accrued commissions, possible termination of the agreement and possible damages.

Article 47 — Regulated activities and qualified professionals

47.1. Ambassadors and Vicars, within the limits of their respective offices, carry out research, qualified referrals, relationship development, coordination and institutional assistance. Consuls participate in the life of the Mission and in Bulletin opportunities exclusively as investors or co-investors.

47.2. Unless they possess the necessary qualifications and are separately engaged, Ambassadors and Vicars do not perform real estate brokerage, financial advice or intermediation, placement, capital raising, receipt of orders, legal, tax or technical assistance, or other regulated activities.

47.3. Regulated activities are entrusted to qualified professionals under separate contracts.

47.4. A Consul may not present participation in an investment as a professional activity performed for the Mission and may not request remuneration from the parties or the network for such participation. This is without prejudice to separate activity involving the research and assistance of candidates where it has been previously entrusted by a specific written individual agreement pursuant to Article 17.

Article 48 — No guarantee of outcome

48.1. The Association and the network do not guarantee profitability, financing, authorisations, concessions, technical outcomes or completion of the transaction.

48.2. Each investment is freely undertaken by the investor on the basis of the investor’s own reviews and independent agreements with the counterparty.

Article 49 — Conflicts of interest

49.1. Every direct or indirect economic interest must be disclosed to the Association in advance.

49.2. Any person in a conflict of interest must abstain from decisions and may not receive additional unauthorised remuneration.

49.3. Any remuneration received from both parties to the transaction must be transparent and governed by separate engagements.

Article 50 — Data protection and retention

50.1. Personal data are processed in accordance with applicable law, with access limited to authorised persons and for the period necessary for institutional and contractual purposes.

50.2. The Association establishes privacy notices, instructions and security measures for the registers and the Bulletin.

Article 51 — Breaches and internal sanctions

51.1. Breaches include: improper promises of titles, dignities, founding categories or appointments; statements or suggestions that a payment or remuneration guarantees a favourable outcome; unauthorised request for or direct collection of sums from candidates, investors or promoters; requests for remuneration in the absence of a specific written individual agreement or beyond the limits established by it; improper influence over the assessment of candidates; unauthorised disclosure of information; circumvention; improper internal competition; alteration of lists or registers; undisclosed conflicts; strategic inactivity; and improper use of the Medici name.

51.2. Measures may include a warning, suspension, revocation of priority, loss of unaccrued commissions, exclusion from the Bulletin, revocation of the internal office and termination of the contract, in accordance with the respective powers of the Grand Ducal House and the Association.

Article 52 — Review and decisions

52.1. Operational objections must be submitted within seven days to the President of the Association, who decides after hearing the Supreme Magistrate and the bodies concerned.

52.2. Matters concerning dignities, titles, appointments, dispensations and Fiefdoms remain reserved to H.R.H. the Grand Duke in accordance with the internal Medici order.

Article 53 — Amendments to the Regulations

53.1. The Association may amend these Regulations for organisational, regulatory or international reasons, subject to approval under the internal procedures and notification to the members.

53.2. Organisational amendments apply from the notified date. Amendments reducing percentages already provided for in an individual agreement require the written acceptance of the person concerned and do not affect rights already accrued.

Article 54 — Entry into force and precedence

54.1. These Regulations enter into force on the date of their adoption and, in respect of the matters governed, replace the previous Programmes, Scales and separate regulations, which remain incorporated herein.

54.2. In the event of conflict, an individual agreement prevails only with respect to expressly negotiated financial terms, including those provided for in Article 17, provided that the principles of centralised collection, separation of functions, independence of assessment, prohibition on promising the outcome, transparency, confidentiality and traceability remain unaffected. These Regulations prevail with respect to common organisational and operating rules.

54.3. Every member receives a copy of these Regulations and declares acceptance thereof in the relevant instrument of appointment or collaboration.