Regulatory Alerts2017-09-30
Regulation No. 2017-06 - Miscellany of Targeted Revisions to Current Supervisory Provisions
The Central Bank of the Republic of San Marino issued Regulation No. 2017-06 to consolidate, harmonize, and update various supervisory provisions governing banks and financial intermediaries. The regulation introduces specific changes regarding honorability requirements, deposit guarantee fund contributions, the definition of bank branches, and prudential accounting standards. It also establishes detailed inspection procedures for insurance intermediaries and financial promoters, including new powers of investigation and notification timelines.
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