SMFSC Unveils Five-Year Plan to Expand Membership and Strengthen Investor Safety

The San Marino Financial Standard Council (SMFSC) today announced its Five-Year Plan focused on strengthening industry self-regulation, expanding registered membership, and fostering a safer financial investment environment through continuous standards upgrades and broader stakeholder participation.

Over the next five years, SMFSC will pursue a structured program of regular framework updates, ensuring self-regulatory agreements remain aligned with evolving market risks, technology changes, and emerging misconduct patterns. Key priorities include upgrading transaction-security expectations, promoting clearer disclosures and accountability, and encouraging stronger governance practices among participating financial institutions and service providers.

SMFSC will also expand its registered member network by improving onboarding pathways for eligible institutions, developing practical adoption guides, and supporting member education on risk controls and operational integrity. By increasing membership diversity and coverage, SMFSC aims to raise baseline standards across more platforms and intermediaries, reinforcing confidence for financial investment users.

In parallel, SMFSC will deepen collaboration with market participants, independent professionals, and investor-education initiatives to promote transparency, responsible conduct, and effective complaint-handling practices. The plan further emphasizes continuous improvement, encouraging members to implement measurable controls, maintain auditable records, and adopt incident response processes that prioritize user protection.

As a financial self-regulatory association, SMFSC advocates voluntary, unofficial standards that enhance investor trust and support the health and integrity of the global financial system. SMFSC will publish periodic updates on progress and will continue to welcome institutions committed to building a safer investment environment.