Regulatory Alerts2007-04-26
Regulation No. 2007-03 - Amendments to Regulation No. 2006-03 on Collective Investment Services
The General Director of the Central Bank of the Republic of San Marino issued Regulation No. 2007-03 to amend Regulation No. 2006-03 regarding collective investment services. The amendments reduce the minimum share capital requirement for management companies from 750,000 to 200,000 euros and introduce specific capital coverage rules for operational costs and other risks. Additionally, the regulation updates authorization procedures, reporting language requirements, and anti-money laundering obligations for investment funds.
Share