Regulatory Alerts2026-01-29
Regulation No. 2024-05 on Investment Services and Activities
The Central Bank of the Republic of San Marino issued Regulation No. 2024-05 to establish the comprehensive legal framework governing investment firms and their authorized activities. The regulation defines the scope of application, licensing requirements, and prudential standards, including capital adequacy and organizational adequacy, for both domestic entities and foreign branches. It further outlines the supervisory powers of the Central Bank regarding corporate governance, significant shareholdings, and enforcement measures to ensure market integrity.
Share