Regulatory Alerts2016-01-01
Regulation No. 2015-03 - Miscellany of Targeted Review Interventions to Current Supervisory Provisions
The Vice Director General of the Central Bank of the Republic of San Marino issued Regulation No. 2015-03 to consolidate, harmonize, and update supervisory provisions for banks, financial companies, and management companies. The regulation amends Regulations 2007-07, 2011-03, 2014-04, 2006-03, and 2014-02, introducing changes to capital deduction rules, professional experience requirements, complaint procedures, and the calculation of usury thresholds. These measures aim to align sectoral disciplines, clarify existing guidelines, and respond to requests from the financial system, with the regulation entering into force on January 1, 2016.
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