Regulatory Alerts2024-02-01
Circular 1/2024 of the Bank of Spain on Information Regarding Capital Structure and Shareholdings
The Bank of Spain issued Circular 1/2024 to update and harmonize reporting requirements for capital structure and shareholdings across banks, credit cooperatives, credit institutions, payment entities, and e-money institutions. The regulation mandates immediate notification of significant acquisitions or changes in voting rights and requires periodic disclosure of capital composition to ensure effective supervisory oversight. It replaces obsolete provisions from Circular 1/2009 and incorporates entities previously excluded, such as payment institutions, into the supervisory information framework.
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