Regulatory Alerts2023-01-01
Regulation No. 2007-06 on the Preparation of Financial Statements for Common Investment Funds
The Central Bank of the Republic of San Marino issued Regulation No. 2007-06 to mandate the preparation, auditing, and publication of annual management accounts and semi-annual reports for common investment funds. The regulation establishes strict deadlines for submission, requires specific valuation criteria based on Annex H, and defines detailed structural templates for both open-end and closed-end funds. It further mandates comprehensive explanatory notes covering performance metrics, risk management, and portfolio composition to ensure transparency for investors and regulators.
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