Regulatory Alerts2023-03-31
Circular No. 2012-01: Rules for Periodic Collection of Information on the Use of Payment Instruments - Update III
The Central Bank of the Republic of San Marino issued Circular No. 2012-01 to establish the regulatory framework for banks to submit periodic supervisory reports on the use of payment instruments. The circular mandates the quarterly submission of detailed data across six categories—checks, transfers, account debits, account credits, cash, and interbank operations—using specific electronic templates and reporting attributes. It defines precise reporting periods, rounding rules, and attribution criteria for economic sectors and geographic residency to ensure standardized data collection.
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