Draft decree Director REPUBLIC of SAN MARINO Decree-Law May 11, 2017 # 49 Us Captains Regent of the Republic of San Marino having regard to the conditions of necessity and urgency referred to in article 2, paragraph 2, point b) of the Constitution Act December 15, 2005 # 183 and article 12 of the law # 184 December 15, 2005 and particularly Qualified: the need to safeguard the stability of the banking system of San Marino at this particular juncture and ensure social security funds, as a precautionary measure, deposited by the Institute for social security on Security Council deliberation at San Marino banking institutions;
the urgent need to adopt measures in response to these needs;
Having regard to the resolution of the Congress of State # 33 adopted at its meeting of May 8, 2017;
Having regard to article 5, paragraph 2, of the constitutional law No. 185/2005 and articles 9 and 10, paragraph 2, of the Act Qualified # 186/2005;
Promulgate and send to post the following decree-law: URGENT MEASURES IN the FIELD of RESPONSE to guarantee SOCIAL SECURITY FUNDS Art. 1 1. Pursuant to article 29 of the law October 5, 2011 # 158, if compared with the penalty measures of Central Bank of San Marino to get Asset Management Bank S.p.A. cannot return in social security funds deposited with the same connection, status, and for it, the Ecc.ma Chamber of the Republic of San Marino guarantees the repayment of such funds to the Institute for social security through cumulative assumption up to euro 31,000,000.00 (trentunomilioni/00).
2. the impossibility of implementing the guarantee referred to in article 29 of the law # 158/2011 is attested by the Central Bank of the Republic of San Marino.

Art. 2 1. In case you need the assumption of cumulative Ecc.ma Chamber of the Republic of San Marino, stay save in favor thereof every timely initiative towards the Bank and management bodies.


Art. 3 1. This decree-law will cease to produce its effects on December 31, 2017, without prejudice to the guarantees already granted to that date under this decree-law.



Given from our residence, 11 may 2017/1716 d.F. R Captains Regent Mimma Zavoli – Vanessa Davis p. The SECRETARY of STATE for HOME AFFAIRS Secretary of State Tom Carter