Regulatory Alerts2026-01-29
Regulation No. 2020-04 on Payment Services and Electronic Money Issuance (Payment Institutions and EMI)
The Central Bank of the Republic of San Marino issued Regulation No. 2020-04 to establish the comprehensive regulatory framework for payment institutions and electronic money institutions. The regulation defines the scope of application, authorization procedures, and ongoing prudential requirements, including capital adequacy and organizational standards. It further outlines the rights and obligations of key personnel, significant shareholders, and foreign entities operating within the jurisdiction.
Share