Regulatory Alerts2022-02-28
Regulation No. 2022-01: Miscellany of Targeted Review Interventions to Current Supervisory Provisions
The Central Bank of the Republic of San Marino issued Regulation No. 2022-01 to consolidate, simplify, and align existing supervisory provisions with updated regulatory frameworks. The regulation introduces specific definitions for Double Gearing risks and cross-investments, amending capital deduction rules across investment services, savings collection, and financing activities. It also updates the Authorized Subjects Register, mandates the publication of financial statements on corporate websites, and introduces new reporting tables for acquiring activities.
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