Regulatory Alerts2026-01-29
Added · Updated
Regulation No. 2025-05 on Key Function Holders of San Marino Financial Enterprises
The Central Bank of the Republic of San Marino issued Regulation No. 2025-05 to consolidate and harmonize supervisory requirements for key function holders within San Marino's financial sector. The regulation establishes strict criteria for honorability, correctness, professionalism, competence, independence, and time availability, aligning national standards with EU 'fit and proper' requirements. It defines detailed procedures for appointment, assessment, suspension, removal, and disqualification of executives and board members, effective January 29, 2026.
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