The Monetary Agreement with the European Union of March 2012 provides for the Republic of San Marino the obligation to implement the main regulations of the European financial acquis. The implementation occurs according to pre-set deadlines specified in the Annex to the Convention.
A meeting of a specific Joint Committee comprised of representatives of San Marino and of the EU is convened at least once a year for the purpose of assessing the implementation of the regulations and updating the list of individual provisions to be implemented in the Republic of San Marino based on the changes occurred from time to time in the Community acquis.