Regulatory Alerts2011-08-18
Order EHA/2288/2011 of 2 August Modifying the Order of 19 May 1987 on the Book Entry System for State Debt
The Spanish Ministry of Economy and Finance issued Order EHA/2288/2011 to amend the 1987 Order governing the book entry system for State Debt. The amendment grants public bodies of the General State Administration the right to hold account holder status in the Central Book Entry System for State Debt in their own name. This change enables these entities to directly participate in the public debt market and settle transactions via TARGET2 without requiring financial intermediaries.
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