Regulatory Alerts2009-04-30
Regulation No. 2009-02: Update I of the Regulation on the Register of Authorized Subjects
The General Director of the Central Bank of the Republic of San Marino issued Regulation No. 2009-02 to update the Register of Authorized Subjects by expanding required disclosures, including shareholder details and approved financial statements. The regulation mandates that authorized entities promptly report any changes to their registered information and establishes specific procedures for registration, updates, and cancellation based on authorization revocation or liquidation. Banks are required to submit lists of significant shareholders and electronic copies of approved financial statements within specified deadlines to ensure the register remains current.
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