Regulatory Alerts2015-01-01
Regulation No. 2014-05 - Miscellanea of Targeted Review Interventions to Current Supervisory Provisions
The General Director of the Central Bank of the Republic of San Marino issued Regulation No. 2014-05 to consolidate, harmonize, and update various supervisory provisions governing financial intermediaries. The regulation introduces specific modifications to existing regulations and circulars, including revised definitions for loan types, updated reporting requirements for key personnel, and stricter integrity and professional qualification standards for significant shareholders. These changes aim to align national rules with legislative updates, clarify prudential calculation methods for interest rate thresholds, and streamline administrative procedures for authorization and inspection.
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