Regulatory Alerts2006-04-25
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Regulation No. 2006-02 - Consultation Procedures for Draft Regulations
The Central Bank of the Republic of San Marino issued Regulation No. 2006-02 to establish formal consultation procedures for drafting general regulatory measures under the LISF. The regulation mandates that the Bank solicit opinions from representative associations of authorized subjects and consumers, requiring these entities to submit specific documentation to prove their representativeness. It further details the operational framework for launching consultations, including the roles of the Supervisory Coordination, submission formats, and the evaluation of received feedback.
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