Regulatory Alerts2026-01-29
Regulation No. 2022-04 on Securitization Operations and Related Servicers
The Central Bank of the Republic of San Marino issued Regulation No. 2022-04 to establish a comprehensive regulatory framework for securitization operations and the supervision of servicers. The regulation mandates the creation of a public register for servicers, distinguishing between financial institutions and other companies, while defining strict organizational, integrity, and professional requirements for registration. It further outlines specific supervisory powers, segregation rules, and approval procedures for securitization programs to ensure market stability and compliance.
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