Regulatory Alerts2023-03-31
Regulation No. 2019-01 - Miscellany of Targeted Review Interventions to Current Supervisory Provisions
The Central Bank of the Republic of San Marino issued Regulation No. 2019-01 to establish rules regarding the expiration of authorizations and the collection of secretariat fees. The regulation mandates that applicants must reiterate authorization requests if more than six months have passed since issuance without execution, unless a shorter term is specified. It further stipulates that secretariat fees for specific private requests are calculated based on complexity and must be paid within 30 days, otherwise the requests are considered withdrawn.
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