Regulatory Alerts2012-07-05
Regulation No. 2012-02: Update IV to Regulation No. 2007-07 and Update II to Regulation No. 2011-03
The General Director of the Central Bank of the Republic of San Marino issued Regulation No. 2012-02 to implement the fourth update to the Savings Collection and Banking Activity Regulation and the second update to the Financing Granting Activity Regulation. This regulation modifies the definition of doubtful credits within Article I.I.2, paragraph 1, point 22, to include non-performing, impaired, restructured, overdue, and unsecured credits to risky countries. The regulation entered into force on July 5, 2012, and consolidated texts of the amended regulations are made available on the Central Bank's website.
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