Regulatory Alerts2020-06-05
Regulation No. 2020-02 - Amending Regulation No. 2010-01 for the Professional Exercise of the Trustee Office in the Republic of San Marino
The Vice Director of the Central Bank of the Republic of San Marino issued Regulation No. 2020-02 to amend the professional requirements and supervisory framework for trustees. The regulation updates eligibility criteria for financial companies, societies, and independent professionals, including stricter ownership transparency and insurance mandates. It also establishes detailed procedures for authorization, mandatory training hours, and the maintenance of professional status through annual declarations.
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