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Media Release
2021-12-15
SMFSC Removed 12,000 Misleading Financial Ads in 2021
SMFSC removed or amended over 12,000 misleading financial promotions last year, doubling 2020's figures. The crackdown targeted online influencers and unlicensed brokers promoting risky products like crypto and CFDs, with new pre-approval rules expected for high-risk marketing.
2021-11-09
SMFSC Reviews Use of Personal Guarantees in SME Lending
SMFSC is investigating the use of personal guarantees in small business lending over concerns about transparency and risk. The review aims to ensure fair lending practices and protect entrepreneurs from undue personal financial exposure.
2021-09-22
SMFSC Calls for Reforms in Wholesale Financial Data Market
SMFSC has identified inefficiencies in the wholesale data market, citing high costs and limited competition. The council proposes clearer pricing, standardized licensing, and fairer access to support smaller firms and market innovation.
2021-06-23
SMFSC Proposes Reforms to Boost San Marino Listings
SMFSC has unveiled proposals to simplify listing rules and attract more companies to San Marino's markets. The reforms aim to reduce administrative burdens while strengthening investor protection and market transparency.
2021-02-16
SMFSC Outlines Three-Pillar Strategy for Future Finance
SMFSC has announced a new strategy focused on resilient markets, responsible innovation, and inclusive participation. The council aims to balance financial growth with consumer protection through enhanced governance and international cooperation.
2020-12-21
SMFSC Warns of Rising Holiday Season Financial Scams
SMFSC has warned that fraudsters are exploiting Christmas financial pressures through fake loans and investment schemes. The council urges vigilance against unsolicited offers and provides guidance to verify firms and report suspicious activity.
2020-11-24
SMFSC Proposes Reforms to Improve Credit Data Accuracy
SMFSC has announced reforms to enhance credit information systems, ensuring credit files better reflect true financial situations. The measures focus on data accuracy, faster corrections, and improved consumer access.
2020-07-15
SMFSC: ESG Fund Principles Need Deeper Implementation
SMFSC's review found ESG fund principles are not yet fully embedded across the sector. While progress exists, gaps remain in governance, metrics, and disclosure. The council will issue new guidance in 2026 to strengthen standards.
2020-05-04
San Marino Financial Standard Council
SMFSC: Upholding financial integrity, transparency, and investor protection through self-regulation and ethical standards in San Marino.