Regulatory Alerts2019-02-08
Circular 1/2019 of the Bank of Spain modifying Circular 8/2015 on information for calculating Deposit Guarantee Fund contributions
The Bank of Spain issued Circular 1/2019 to modify Annex 2 of Circular 8/2015, requiring credit entities and branches to update depositor information files to improve data quality for the Deposit Guarantee Fund. The amendment introduces new contact fields, clarifies field definitions, and allows specific special characters to facilitate depositor identification during reimbursement scenarios. These changes ensure that the collected individual depositor data meets the necessary standards for calculating fund contributions and handling potential payment events.
Share