Regulatory Alerts2011-12-21
Regulation No. 2011-05 Amending Regulation No. 2006-03 on Collective Investment Services
The General Director of the Central Bank of the Republic of San Marino issued Regulation No. 2011-05 to update the regulatory framework for collective investment services. This amendment introduces Chapter VII and Articles 119-bis through 119-quater to govern closed-end investment funds that accept contributions in the form of assets or credits. The new rules mandate specific public disclosure procedures, notification requirements to the Central Bank, and detailed content for approval applications to ensure transparency and proper management of contributed assets.
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