Regulatory Alerts2025-10-08
Regulation No. 2024-04 on Payment Operations (SEPA)
The Central Bank of the Republic of San Marino issued Regulation No. 2024-04 to align national payment operations with updated SEPA standards and EU regulations regarding technical and commercial requirements for euro credit transfers and direct debits. The regulation establishes specific rules for instant payments, cross-border fees, currency conversion charges, and beneficiary verification to ensure transparency and accessibility within the Single Euro Payments Area. It also defines the scope of application, sanctions for non-compliance, and transitional measures replacing previous regulatory frameworks.
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