Regulatory Alerts2011-10-24
Regulation No. 2011-04: Update I on the Domestic Address Exchange Service (SRD)
The Governor of the Central Bank of the Republic of San Marino issued Regulation No. 2011-04 to amend Regulation No. 2007-04 regarding the Domestic Address Exchange Service (SRD). The update mandates electronic exchange of accounting and image flows for bank checks, establishes strict two-business-day deadlines for returning irregular addresses and communicating unpaid checks, and sets specific operational conditions for unpaid items. The regulation entered into force on October 24, 2011, simultaneously repealing Circular No. 2007-02.
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