Regulatory Alerts2026-01-29
Regulation No. 2011-03 on the Activity of Granting Loans (Finance Companies)
The Central Bank of the Republic of San Marino issued Regulation No. 2011-03 to establish the comprehensive regulatory framework for finance companies, defining their authorized activities, licensing procedures, and operational requirements. The regulation mandates strict eligibility criteria for promoters and management, detailed capital adequacy standards, and prudential limits on risk concentration and related-party transactions. It further outlines the supervisory powers of the Central Bank, including the authority to grant or revoke authorizations and enforce compliance with ongoing reporting and governance obligations.
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