Repubblica Futura is calling for the withdrawal of Delegated Decree no. 134 of 7 September 2026, which sets out implementing provisions on official secrecy concerning information and data held by the Central Bank of the Republic of San Marino (BCSM). According to the party, the measure would limit the prerogatives of members of the Grand and General Council (Consiglio Grande e Generale) and was adopted without adequate political consultation.
RF first highlights the timing chosen for issuing the decree. “The delegated decree was oddly issued just as a committee of inquiry into the attempted purchase of a bank begins its work, a few weeks before the start of criminal proceedings centred on the same matter, and as international arbitration on the very same issue gets underway,” the statement reads.
The party also argues that the content of the measure is far removed from the requests raised in an earlier parliamentary question by PSD councillors Matteo Bacciocchi, Mara Merlini and Nicola Rossini. “What lies behind this sudden demand for secrecy over the Central Bank’s activities? Why are the government and the majority, after their blow to the Council’s own rules of procedure, now landing another heavy blow on the Grand and General Council?” Repubblica Futura asks.
The decree justifies the new provisions by citing the need to bring the rules further into line with international standards, the European Union’s legal framework, and the guidelines of European supervisory authorities. RF, however, raises doubts about the overall consistency of the system, pointing to the role of the Secretary of State for Finance on the Credit and Savings Committee (Comitato per il Credito e il Risparmio) and to the state’s public shareholdings in the banking sector.
“The State owns 100% of one bank in San Marino, 100% of a bank in Croatia, and 88% of the Central Bank — and now, with this decree, secrecy is being imposed on information relating to all these entities,” the party contends.
The statement cites Article 3 of the decree, according to which “the information and documents provided remain subject to the confidentiality regime, including for the purposes of Article 377 of the Criminal Code, for as long as the confidentiality requirements set out in current legislation persist.” For Repubblica Futura, this provision “shuts the door on the ability of councillors elected by citizens to fully carry out their mandate within the Standing Council Committee on Finance and Budget.”
“It must be made clear that, from 7 September onwards, everything concerning banks becomes secret, and if something then happens involving state-owned companies, or the State having to pay out over guarantees or financing provided to a bank, State Secrecy comes into play, punishable under the Criminal Code for any breach,” RF states, asking: “Is this normal? Cui prodest? Does it benefit the European Union? The Central Bank? The government? The banks?”
“Repubblica Futura believes this is a dangerous choice, especially given that the measure was issued quietly, with no apparent explanation. What’s more, it is clear that the secrecy applies only to members of the Grand and General Council, while the government retains a free hand over the banks and will continue to stir the murky waters,” the statement continues.
The party considers the content of the decree to be “seriously damaging to the rights of members of the Grand and General Council” and objects to the use of a delegated decree to intervene on both the Central Bank’s statute and the Council’s rules of procedure. “If there are problems or state interests that need protecting — particularly in light of what may happen in the coming months — the government must have the integrity to speak plainly and openly, to councillors and to all citizens of the Republic.”
“If, on the other hand, as it appears, this is a clumsy attempt to cover up the disasters that the current occupant of the ground floor of Palazzo Begni has been overseeing throughout these years in government, then we are ready to fight — because transparency always matters, especially when it comes to governing,” Repubblica Futura concludes.
