Regulations

Regulation No. 2025-01 - Miscellany of targeted interventions for revision to existing supervisory regulations

Text in effect from 01/28/2025

Regulation No. 2024-05 - Regulation on investment services and activities

Text in effect from 01/28/2025

Text in effect from 01/01/2025 to 01/27/2025

Standard forms:
Investment enterprises: self-declaration fairness requirements
Investment firms: self-declaration fairness criteria
Investment firms: self-declaration professionalism requirements
Investment firms: self-declaration independence requirements for director functions
Investment firms: self-declaration independence requirements for control functions
Investment firms: self-declaration independence requirements for management functions
Investment firms: organizational structure report outline

Regulation No. 2024-04 - Regulations on payment transactions Text in effect from 12/01/2024

Regulation No. 2024-03 - Regulation on crypto-assets

Text in effect from 01/28/2025

Text in effect from 10/02/2024 to 01/01/2025

Standard forms:

crypto-asset firm: self-declaration integrity requirements
crypto-asset firm: self-declaration fairness criteria
crypto-asset firm: self-declaration professionalism requirements
crypto-asset firm: self-declaration independence requirements for director functions
crypto-asset firm: self-declaration independence requirements for control functions
crypto-asset firm: self-declaration independence requirements for executive functions
crypto-asset firm: organizational structure report outline

Regulation No. 2024-02 - Regulations on insurance and reinsurance distribution

Text in effect from 01/28/2025

Text in effect from 01/07/2024 to 27/01/2025

Standard templates:

MUP
MUP IBIP
DIP LIFE
IBIP DIP
Insurance intermediaries: self-declaration of good standing
Insurance intermediaries: application for registration section A - Agents
Insurance intermediaries: application for registration section B - Brokers
Insurance intermediaries: application for registration section C - Financial firms

Foreign insurance intermediaries: application for registration

Foreign insurance companies: application for authorization

Insurance intermediaries: self-declaration of permanence of requirements

Regulation No. 2024-01 - Miscellany of targeted interventions for revision to existing supervisory regulations Text in effect from 02/13/2024

Regulation No. 2023-05 - Update regulation on procedures for feeding and maintaining the debtors' registry Text in effect from 12/22/2023

Regulation No. 2023-04 - Regulations on consolidated financial statements supplementing Regulation No. 2016-02 and Circular No. 2017-03 Text in effect from 01/01/2024

Regulation No. 2023-03 - Regulation on the solicitation of investment

Text in effect from 01/01/2024 (with corrections )

Regulation No. 2023-02 - Regulations updating the supervisory provisions on credit exposures Text in effect from 05/15/2023

Regulation No. 2023-01 — Miscellaneous targeted revisions of the current supervisory regulations Text in effect from 03/31/2023

Regulation No. 2022-04 — Regulation on securitization transactions and related servicers

Text in effect from 01/28/2025

Text in effect from 02/13/2024 to 01/27/2025

Text in effect from 11/30/2022 to 02/12/2024

Standard forms

Servicer: self-declaration of the requirement for good repute
Servicer: a pplication form for registration in the register - Section A financial companies
Servicer: application form for registration in the register - Section B servicing companies

Regulation No. 2022-03 — Regulation for updating the transparency rules towards investors in mutual funds Text in effect from 01/01/2023

Regulation No. 2022-02 —Regulation on the Extraordinary Fund for Protection Against Financial Fraud Text in effect from 02/28/2025

Regulation No. 2022-01 — Miscellaneous Targeted Interventions for the Revision of the Current Supervisory Provisions Text in effect from 02/28/2022

Regulation No. 2021-02 — Regulation no. 2021-02 – Regulation on extraordinary procedures of financial firms” (Only in English).

Text in effect from 02/28/2022

Text in effect from 03/31/2023 to 01/27/2025

Text in effect from 02/28/2022 to 03/30/2023

Text in effect from 07/16/2021 to 02/27/2022

Standard forms:

Strict procedures: self-declaration of requirements for good repute and integrity

Strict procedures: self-declaration of professional qualifications

Strict procedures: self-declaration of independence requirements

Regulation No. 2021-01 — Miscellaneous Targeted Interventions for the Revision of Current Supervisory Provisions Text in effect from 02/28/2022

Regulation No. 2020-05 —Amending Regulation to Regulation No. 2007-01 on the Reporting Procedures pursuant to Article 68 of Law No. 165 of November 17, 2005 Text in effect from 01/04/2021

Regulation No. 2020-04 — Regulation on Payment Services and Issuance of Electronic Money (Payment Institutions and EMIs)

Text in effect from 01/28/2025

Text in effect from 12/01/2024 to 01/27/2025

Text in effect from 10/02/2024 to 11/30/2024

Text in effect from 02/13/2024 to 10/01/2024

Text in effect from 03/31/2023 to 02/12/2024

Text in effect from 02/28/2022 to 03/30/2023

Text in effect from 05/17/2021 to 02/27/2022

Text in effect from 01/04/2021 to 05/16/2021

Standard models

Payment institutions and EMIs: self-declaration of good repute requirements

Payment institutions and EMIs: self-declaration of professionalism requirements

Payment institutions and EMIs: self-declaration of independence requirements for administrative functions

Payment institutions and EMIs: self-declaration of independence requirements for control functions

Payment institutions and EMIs: organizational structure report template

Payment institutions and EMIs: description of payment services and electronic money issuance activities

Regulation No. 2020-03 — Regulation on Independent Financial Advisors

Text in effect from 01/28/2025

Text in effect from 10/02/2024 to 01/27/2025

Text in effect from 08/03/2020 to 10/01/2024

Standard models

Independent financial advisors: self-declaration of good repute requirements

Independent financial advisors: application form for registration in the register - Section A individuals

Independent financial advisors: application form for registration in the register - Section B SCFI

Independent financial advisors: application form for authorization for foreign financial advisor

Independent financial advisors: template for the report on the activity program and organizational structure

Independent financial advisors: self-declaration of continued compliance with requirements - independent financial advisor for their own account

Independent financial advisors: self-declaration of continued compliance with requirements - independent financial advisor on behalf of SCFI

Regulation No. 2020-02 — Regulation amending Regulation No. 2010-01 for the professional practice of the trustee office in the Republic of San Marino Text in effect from 06/05/2020

Regulation No. 2020-01 — Miscellaneous targeted interventions to revise the current supervisory provisions

Text in effect from 03/19/2020 (with corrections)

Regulation No. 2019-02 — Regulation on the procedures for maintaining and managing the debtors' register

Text in effect from 12/22/2023

Text in effect from 07/31/2019 to 12/21/2023

Regulation No. 2019-01 — Miscellaneous targeted interventions for the revision of the current supervisory provisions

Article 20 and 21 Text in effect from 03/31/2023

Text in effect from 03/01/2019

Regulation No. 2018-02 — Regulation amending Regulations No. 2006-03, No. 2007-07, No. 2011-03, No. 2014-04, No. 2016-02 Text in effect from 08/31/2018

Regulation No. 2018-01 — Miscellaneous targeted interventions to revise the current supervisory provisions Text in effect from 03/31/2018

Regulation No. 2017-08 — Regulation for the payment and protest of electronic format cheques Text in effect from 01/29/2018

Regulation No. 2017-07 —Regulation on the discipline of life insurance contracts with revalued benefits linked to a separate internal management

Last text in force until repeal

Attachments to the Regulation 2017-07

Regulation No. 2017-06 — Miscellaneous targeted interventions for the revision of the current supervisory provisions

Text in effect from 09/30/2017

Regulation No. 2017-05 — Regulation amending Regulation No. 2016-01 on the depositors' guarantee fund

Text in effect from 10/01/2017

Regulation No. 2017-04 — Provisions for the coordination of Regulation 2016-02 and the revision of Circular No. 2015-02 Text in effect from 09/30/2017

Regulation No. 2017-02 — Regulation amending Regulation No. 2006-01 Text in effect from 03/01/2017

Regulation No. 2017-01 — Regulation amending Regulations No. 2007-07, No. 2011-03, and No. 2016-02 Text in effect from 01/27/2017

Regulation No. 2016-04 — Regulation on Supervision Reporting by Life Insurance Companies - Update No. II Text in effect from 01/01/201017

Regulation No. 2016-03 — Miscellaneous targeted interventions for the revision of the current supervisory provisions Text in effect from 11/01/2016

Regulation No. 2016-02 — Regulation on the preparation of the financial statements and consolidated financial statements of authorized entities

Text in effect from 02/13/2024

Text in effect from 01/01/2024 to 02/12/2024

Text in effect from 05/15/2023 to 12/31/2023

Text in effect from 03/31/2023 to 05/14/2023

Text in effect from 02/28/2022 to 03/30/2023

Text in effect from 03/19/2020 to 02/27/2022

Text in effect from 03/01/2019 to 03/18/2020

Text in effect from 08/31/2018 to 02/28/2019

Text in effect from 03/31/2018 to 08/30/2018

Text in effect from 09/30/2017 to 03/30/2018

Text in effect from 01/27/2017 to 09/29/2017

Text in effect from 09/01/2016 to 01/26/2017

Regulation No. 2016-01 — Regulation on the depositors' guarantee fund

Text in effect from 02/13/2024

Text in effect from 05/17/2021 to 02/12/2024

Text in effect from 03/31/2018 to 05/16/2021

Text in effect from 10/01/2017 to 03/30/2018

Text in effect from 11/01/2016 to 09/30/2017

Text in effect from 08/31/2016 to 10/31/2016

Regulation No. 2015-03 — Miscellaneous targeted interventions for the revision of the current supervisory provisions Text in effect from 01/01/2016

Regulation No. 2015-02 — Regulation on the National Payment System Text in effect from 01/11/2015

Regulation No. 2015-01 —Regulation on Informational Supervision

Text in effect from 01/28/2025

Text in effect from 02/13/2024 to 01/27/2025

Text in effect from 03/31/2023 to 02/12/2024

Text in effect from 02/28/2022 to 03/30/2023

Text in effect from 05/17/2021 to 02/27/2022

Text in effect from 03/19/2020 to 05/16/2021

Text in effect from 03/01/2019 to 03/18/2020

Text in effect from 09/30/2017 to 02/28/2019

Text in effect from 11/01/2016 to 09/29/2017

Text in effect from 01/01/2016 to 10/31/2016

Text in effect from 02/02/2015 to 12/31/2015

Regulation No. 2014-05 — Miscellaneous targeted interventions for the revision of the current supervisory provisions Text in effect from 01/01/2015

Regulation No. 2014-03 — Regulation on the Register of Parent Companies

Text in effect from 01/01/2015

Text in effect from 07/07/2014 to 12/31/2014

Regulation No. 2014-02 — Regulation on the detection of threshold rates for anti-usury purposes pursuant to Article 207 of the Penal Code

Text in effect from 15/05/2023

Text in effect from 05/30/2018 to 05/14/2023

Text in effect from 01/01/2016 to 05/29/2018

Text in effect from 02/02/2015 to 12/31/2015

Text in effect from 01/01/2015 to 02/01/2015

Text in effect from 03/31/2014 to 12/31/2014

Regulation No. 2014-01 —Regulation on financial promotion and off-site offerings

Text in effect from 01/28/2025

Text in effect from 01/01/2025 to 01/27/2025

Text in effect from 02/13/2024 to 12/31/2024

Text in effect from 05/17/2021 to 02/12/2024

Text in effect from 03/01/2019 to 05/16/2021

Text in effect from 03/31/2018 to 02/28/2019

Text in effect from 09/30/2017 to 03/30/2018

Text in effect from 11/01/2016 to 09/29/2017

Text in effect from 03/31/2014 to 10/31/2016

Standard forms:

Off-site providers: self-declaration of good repute requirements

Off-site providers: registration application form for the financial promoters register

Off-site providers: registration application form for the financial promoters register - employees section

Off-site providers: self-declaration of continued compliance with requirements for exercising the activity of financial promoter

Off-site providers: template for the annual report on the activities carried out by the financial promoter

Regulation No. 2013-06 — Miscellaneous targeted interventions for the revision of the current supervisory provisions

Text in effect from 12/19/2013

Regulation No. 2013-04 — Regulation on euro banknotes and coins

Text in effect from 03/31/2023

Regulation No. 2013-03 — Regulation on the Guarantee Fund for Processing

Text in effect from 09/30/2017

Text in effect from 01/01/2016 to 09/29/2017

Text in effect from 07/25/2013 to 12/31/2015

Regulation No. 2013-02 — Regulation on life insurance activities, Update No. I - Regulation on the preparation of the financial statements of insurance companies operating in life insurance, Update No. I

Text in effect from 07/18/2013

Regulation No. 2013-01 — Regulation on the Register of Authorized Entities - Update No. II

Text in effect from 07/01/2013

Regulation No. 2012-03 — Miscellaneous targeted interventions for the revision of the current supervisory provisions

Text in effect from 12/07/2012

Regulation No. 2012-02 — Regulation No. 2007-07, Update IV - Regulation No. 2011-03, Update II

Text in effect from 07/05/2012

Regulation No. 2012-01 — Regulation No. 2007-07, Update III - Regulation No. 2011-03, Update I

Text in effect from 06/30/2012

Regulation No. 2011-06 — Implementing Regulation on Trusts and Supervision of Financial Trustees

Text in effect from 05/17/2021

Text in effect from 03/19/2020 to 05/16/2021

Text in effect from 12/30/2011 to 03/18/2020

Regulation No. 2011-05 — Regulation amending Regulation No. 2006-03 on collective investment services

Text in effect from 12/21/2011

Regulation No. 2011-04 — Regulation on the domestic contact exchange service (SRD), Update No. I.

Text in effect from 10/24/2011

Regulation No. 2011-03 — Regulation on the activity of granting loans (financial companies)

Text in effect from 01/28/2025

Text in effect from 15/05/2023 to 27/01/2025

Text in effect from 31/03/2023 to 14/05/2023

Text in effect from 28/02/2022 to 30/03/2023

Text in effect from 17/05/2021 to 27/02/2022

Text in effect from 19/03/2020 to 16/05/2021

Text in effect from 01/03/2019 to 18/03/2020

Text in effect from 31/08/2018 to 28/02/2019

Text in effect from 31/03/2018 to 30/08/2018

Text in effect from 30/09/2017 to 30/03/2018

Text in effect from 27/01/2017 to 30/09/2017

Text in effect from 01/11/2016 to 26/01/2017

Text in effect from 01/01/2016 to 31/10/2016

Text in effect from 02/02/2015 to 31/12/2015

Testo in vigore dal 01/01/2015 al 01/02/2015

Text in effect from 19/12/2013 to 31/12/2014

Text in effect from 07/12/2012 to 18/12/2013

Text in effect from 05/07/2012 to 06/12/2012

Text in effect from 30/06/2012 to 04/07/2012

Text in effect from 01/07/2011 to 29/06/2012

Standard Models

Financial companies: self-declaration of good repute requirements

Financial companies: self-declaration of professionalism requirements

Financial companies: self-declaration of independence requirements for administrative functions

Financial companies: self-declaration of independence requirements for control functions

Financial companies: self-declaration of independence requirements for management functions

Financial companies: controlling entity identification form

Regulation No. 2011-02 — Regulation on savings collection and banking activity - Update No. II

Text in effect from 06/30/2012

Text in effect from 07/01/2011 to 06/29/2012

Regulation No. 2011-01 — Regulation for the professional practice of the trustee office in the Republic of San Marino, Update No. I (with errata corrige).

Current text

Regulation No. 2010-01 — Regulation on the professional practice of the trustee office in the Republic of San Marino

Text in effect from 28/01/2025

Text in effect from 13/02/2024 to 27/01/2025

Text in effect from 31/03/2023 to 12/02/2024

Text in effect from 17/05/2021 to 30/03/2023

Text in effect from 05/06/2020 to 16/05/2021

Text in effect from 01/03/2019 to 04/06/2020

Text in effect from 01/11/2016 to 28/02/2019

Text in effect from 19/12/2013 to 31/10/2016

Text in effect from 07/12/2012 to 18/12/2013

Text in effect from 31/12/2011 to 06/12/2012