Regulatory Alerts2009-01-01
Regulation No. 2008-04 - Update I to the Regulation on Savings Collection and Banking Activity
The General Director of the Central Bank of the Republic of San Marino issued Regulation No. 2008-04 to update the regulatory framework for savings collection and banking activities in response to new anti-money laundering laws and operational feedback. The regulation amends Regulation No. 2007-07 by updating key definitions, modifying rules for the issuance and dematerialization of financial instruments, and strengthening requirements for the suitability and documentation of corporate officers. It also introduces stricter transparency standards for advertising, reporting obligations, and compliance with anti-usury and anti-money laundering directives.
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