List of obliged parties

Article 17 of the Law no. 92 of 17 June 2008 and subsequent amendments indicates as obliged parties, the following:
• financial parties;
• non-financial parties;
• professionals.

Financial parties are defined as follows:
• the authorized parties on the basis of Law 17 November 2005 No.165 and subsequent amendments;
• the Central Bank, whenever in the field of its institutional functions, establishes business relationships or carries out occasional transactions that require the fulfilment of obligations set forth in this law;
• the post offices whenever they establish business relationships or carry out occasional transactions that require the fulfilment of obligations set forth in this law;
• the financial promoters as defined in article 24 and 25 of Law 17 November 2005 No.165;
• the insurance and reinsurance agencies as defined in article 26 and 27 of the Law 17 November 2005 No.165;
• the parties that provide professional credit recovery on behalf of third parties.

Non-financial parties are defined as parties that provide professional services regarding the following activities:
• professional office of the trustee in conformity with the trust legislation;
• assistance and advice concerning investment services;
• assistance and advice on administrative, tax, financial and commercial matters;
• credit mediation services;
• real estate mediation services;
• running of gambling houses and games of chance as set forth in Law No. 67 of 25 July 2000 and subsequent amendments;
• offer of games, betting or contests with prizes in money through the Internet and other electronic and telecommunication networks;
• custody and transport of cash, securities or values;
• management of auction houses or art galleries;
• trade in antiques;
• purchase of unrefined gold;
• manufacturing, mediation and trade in precious stones and metals, including export and import thereof; • selling and rental of registered movable goods.

Professionals are defined as follows:
• those enrolled in the Register of Accountants (holding a university degree or holding an high school certificate) of the Republic of San Marino;
• those enrolled in the Register of External Auditors and Auditing companies and of the Register of Actuaries of the Republic of San Marino;
• those enrolled in the Register of Lawyers and Notaries of the Republic of San Marino, when they carry out, on behalf of or for their client, any financial or real estate transaction, or when they assist in the planning or carrying out of transactions for their client concerning the:
1) transfer at any title of rights in rem in relation to real estate or companies;
2) managing of client money, securities or other assets;
3) opening or management of bank, savings and securities accounts;
4) creation, operation or management of companies, trusts or similar arrangements, with or without legal personality;
5) organisation of contributions necessary for the creation, operation or management of companies;
6) transfer at any title of shares in a company.