The Central Bank of the Republic of San Marino announces that on 15/01/2026 it issued Regulation No. 2026-01 "Miscellany of targeted interventions of revision to the current supervisory provisions", which will enter into force on 29/01/2026.
The measure, adopted as a result of the public consultation procedure, consists of 22 articles, intervening extensively in amending and supplementing 19 regulations/circulars, as well as on the entire supervisory regulations through final cross-cutting provisions, as better described in the table below:
| n. Art. | Amended Act | Subject |
| 1 | Reg. 2016-02 | Corporate and consolidated financial statements |
| 2 | Reg. 2016-01 | Register of authorized parties |
| 3 | Reg. 2020-04 | Payment services |
| 4 | Reg. 2024-02 | Insurance distribution |
| 5 | Reg. 2014-01 | Financial promotion and over-the-counter offerings |
| 6 | Reg. 2025-02 | Independent financial advisors |
| 7 | Reg. 2007-07 | Banking activities |
| 8 | Reg. 2011-03 | Credit activities |
| 9 | Reg. 2009-04 | Insurance company reporting |
| 10 | Reg. 2014-02 | Anti-usury threshold rates |
| 11 | Reg. 2008-01 | Insurance business |
| 12 | Reg. 2024-05 | Investment services |
| 13 | Reg. 2021-02 | Hardship procedures |
| 14 | Reg. 2015-01 | Informational supervision |
| 15 | Circ. 2015-02 | Risk Central |
| 16 | Reg. 2006-03 | Collective investment services |
| 17 | Reg. 2016-01 | Depositors' Guarantee Fund |
| 18 | Reg. 2015-02 | National payment system |
| 19 | Reg. 2010-01 | Professional trustees |
| 20 | /// | Final Rules |
| 21 | /// | Effective date |
| 22 | /// | Consolidated texts |
As a result of the consultation procedure, the measure was enriched with additional content having mainly the following purposes:
1. to make the structure of the Independent Financial Adviser Registry more consistent with the recently innovated structure of the Insurance and Reinsurance Intermediaries Registry, according to a prevalent client protection perspective;
2. to consolidate within Regulation No. 2024-05 some answers to questions received in the application of the rules on the valuation of financial instruments in the dealing portfolio;
3. Introduce within the new articles (17, 18 and 19) provisions respectively on:
• coordination of depositor protection regulation with banking regulation;
• opening of RIS to settlement accounts between non-bank PSPs;
• coordination of the professionalism regime of RUTs and deputy RUTs for registration purposes with that applied to supervised professions (DARs, financial promoters and consultants, etc.);
4. Removing the deadline for initiating the unilateral generalized variation referred to in Regulation No. 2025-03, provided that it is prior to the offering of the new payment services;
5. Set January 29 next as the effective date of the measure, in order to synchronize its changes introduced here with those arising from Regulation No. 2025-05 on corporate representatives, for the benefit of greater rationalization in the activity of updating consolidated texts.