Regulatory Alerts2010-01-27
Circular 2/2010 of the Bank of Spain Modifying Circular 4/2004 on Financial Information and UEM Statistical Requirements
The Bank of Spain issued Circular 2/2010 to modify Circular 4/2004, aligning statistical reporting requirements with ECB Regulation 25/2009 and introducing new UEM statistical forms. The regulation mandates enhanced breakdowns for specific assets and liabilities while establishing exemptions for smaller entities with total assets below 1.5 billion euros to reduce administrative burdens. Additionally, it updates definitions for deposit classifications, branch balances, and mortgage loan registers to ensure consistency with current financial and mortgage market laws.
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