Regulatory Alerts2026-01-29
Regulation No. 2016-02 — Regulation on the preparation of company financial statements and consolidated financial statements of authorized entities
The Central Bank of the Republic of San Marino issued Regulation No. 2016-02, which establishes comprehensive rules for the preparation of company and consolidated financial statements for authorized entities. This regulation details general principles, valuation criteria for balance sheet items, specific accounting treatments for various asset, liability, and income statement categories, and requirements for explanatory notes and management reports. It also outlines obligations for the preparation and audit of consolidated financial statements, including exemptions and methods for consolidation, ensuring transparency and consistency in financial reporting.
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