Regulatory Alerts2026-01-29
Regulation No. 2014-01 on Financial Promotion and Off-Premises Offers
The Central Bank of the Republic of San Marino issued Regulation No. 2014-01 to govern the professional activity of financial promoters and off-premises offers of financial instruments and investment services. The regulation establishes a public register for promoters, defines strict eligibility and professional requirements for entry, and mandates that authorized entities remain jointly liable for damages caused by promoters acting on their behalf. It further imposes behavioral rules, transparency obligations, and a mandatory eight-day cooling-off period for contracts concluded off-premises to ensure client protection.
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