Regulatory Alerts2017-09-30
Regulation No. 2017-04 - Coordination Provisions to Regulation 2016-02 and Revision to Circular No. 2015-02
The Vice Director General of the Central Bank of the Republic of San Marino issued Regulation No. 2017-04 to update supervisory provisions in response to changes in the regulatory framework. The regulation amends Regulation No. 2015-01 by redefining key terms, standardizing reporting categories for economic sectors and residency, and updating electronic transmission procedures. It also revises the audit requirements for reporting entities, specifying the scope and minimal verification procedures that auditing firms must perform on supervisory reports.
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