Regulatory Alerts2026-01-29
Regulation No. 2015-02 on the National Payments System
The Central Bank of the Republic of San Marino issued Regulation No. 2015-02 to revise the national payments system framework, mandating the adoption of ISO 20022 XML standards for SCT and SDD flows in alignment with SEPA requirements. The regulation establishes gross settlement principles for interbank accounts, defines operational timelines for payment instructions, and outlines the management of the Sammarinese Interbank Network (RIS). It also incorporates specific provisions for SMAC prepaid card transactions and updates existing regulatory frameworks to ensure continuity and technical compliance.
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