Supervisory charges: fee schedule by consumption rate

The Central Bank of the Republic of San Marino announces that it has adopted, within the timeframe specified in Article 11, paragraph 2 of Delegated Decree n.50/2023 and in accordance with the provisions of Article 3-bis of Delegated Decree n.117/2006, as amended, the Tariff Schedule for calculating the charges accrued and payable by each supervised entity in relation to the supervisory activities requested during the year.

The Fee Schedule will be applied starting in fiscal year 2024, beginning with requests made by supervised entities on or before January 1, 2024. The total amount accrued under the application of the Fee Schedule for that year will represent, for each supervised entity, the "consumption" portion of its contribution for the same year.

As a result, the new apportionment calculation structure can be summarized as follows:

OVG - QFG - QCG = OVR

OVG = global amount of supervisory charges to be recovered

QFG = global amount of fixed fees (QF) applicable to all supervised entities (including foreign authorized entities) under Art.3 of D.D. 117/2006

QCG = global amount of the consumption fees (QC) accrued during the year by applicant supervised entities ex art.3 bis of D.D. 117/2006, based on the current Tariff Schedule

OVR = residual amount of supervisory charges, to be allocated among the (only) San Marino authorized entities ex art.4 of D.D. 117/2006 on the basis of the factors identified by CBSM after the opinion of the CCR, equivalent to the global amount of variable quotas (QV)

On the taxpayer side, the annual quota, starting from FY 2024, will therefore be composed as follows:

(a) supervised authorized entity: QF + QC + QV
(b) other supervised entities: QF + QC
(c) authorized foreign entity: ¼ QF

Below is the Fee Schedule for FY 2025 and onwards, subject to any change published on this website effective from the fiscal year following its publication.